Binance Reserves Show Almost Half of Holdings Are in Its Own Tokens

quote:

---

Of the $74.6 billion termed as networth, about $23 billion was in its own stablecoin BUSD and $6.4 billion in its Binance Coin, according to Nansen. The exchange has also allocated 10.5% of its holdings in Bitcoin and 9.8% in Ether, Nansen data shows.

---

Bloomberg Source

CZ responded that it is FUD

quote:

---

#BUSD is issued by Paxos, a NYDFS regulated entity, not Binance. The numbers are all wrong too. These are users assets, in the form users choose to store with us. We don't convert for them.

---

CZ Twitter

One thing I have learned in the Crypto space, is that when exchanges let you know everything is perfectly fine.. buckle up