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

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 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

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025
Most Popular

Solana falls below 100-day MA on 4-hour chart, SOL price risk?

February 25, 2024

Gensler confirmed that a spot Ethereum ETF will be approved ‘this summer’ during a Senate hearing.

June 18, 2024

Ripple (XRP) Q2 2024 XRP Market Report Highlights Volatility and Regulatory Victory

August 2, 2024
  • 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.