Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Binance cryptocurrency exchange user assets exceed $100 billion.
ADOPTION NEWS

Binance cryptocurrency exchange user assets exceed $100 billion.

By Crypto FlexsMarch 18, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance cryptocurrency exchange user assets exceed 0 billion.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Binance, a leading cryptocurrency exchange, has surpassed $100 billion in assets held on behalf of its users.

Binance claims to hold all user assets at a 1:1 ratio, with additional reserves verifiable using the Proof of Reserves (POR) system for 31 supported digital assets. Although useful, many have criticized these transparency measures by cryptocurrency exchanges because they fail to disclose audited fiat holdings, customer and company debt, and other information to assess a company’s financial health.

Binance’s latest POR snapshot from early March shows that reserves are already close to that figure. The combination of strong inflows this month and the resulting rise in cryptocurrency prices means Binance has reached the milestone for the first time since it began disclosing user asset holdings in November 2022, the company said in a blog post on Monday.

The total value locked on Binance’s centralized exchange has nearly doubled in the past year, from about $67 billion to $115 billion, according to DeFiLlama data.

Binance TVL. Image: DeFiLlama.

A record month for the cryptocurrency sector

In a landmark month for the industry, daily trading volume on cryptocurrency exchanges, DeFi TVL, global cryptocurrency investment product assets under management, and U.S. spot Bitcoin exchange-traded fund cumulative trading volume all exceeded $100 billion earlier this month.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

James Hunt is a reporter for The Block, based in the United Kingdom. As a writer for The Daily newsletter, James also brings you up to speed on the latest cryptocurrency news every week. Before joining The Block in 2022, James spent four years in the industry as a freelance writer, contributing content to publications and cryptocurrency projects. James’ coverage covers everything from Bitcoin and Ethereum to layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, the latest NFTs and memecoins, the regulatory environment, cryptocurrency company trading, and the latest market updates. Comprehensive. You can contact James on Telegram or X via @humanjets or email him at (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Argentine President Miley

February 20, 2025

The BNB Chain Ecosystem report emphasizes major development and new projects.

June 8, 2025

Zoth Launches First RWA Restaking Layer with ZeUSD, Announces Exclusive Pre-Deposit Campaign

January 27, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.