Binance holds 640,269 Bitcoin worth more than $40 billion

The exchange also keeps 4 million ETH in reserves valued at around $7.3 billion, highlighting the scale of assets held on its platform.

Summary

Binance holds 640,269 Bitcoin worth more than $40 billion and also maintains 4 million ETH in reserves valued at around $7.3 billion. The figures point to the scale of reserves held by the exchange, a key metric for users watching the asset backing of major crypto trading venues.

Terms & Concepts
  • reserves: Assets held to back customer balances
  • Binance: A major cryptocurrency exchange platform