The post Binance Surpasses Significant $100 Billion Mark in User Funds appeared first on Coinpedia Fintech News
The leading cryptocurrency exchange, Binance has reached a significant milestone by surpassing $100 billion in user funds. Bitcoin is the dominant asset in the platform with about 562 million bitcoins held by the users. Other crypto assets also form a substantial part such as BNB, Ethereum, and USDT. This achievement is the first since the implementation of proof-of-reserve disclosures in 2022. Notably, Shiba Inu is also among the holdings with $1.9 billion worth of crypto. Binance has also attracted attention from regulatory authorities over compliance issues. Nevertheless, the milestone of $100 billion users strengthens its foot as a key player in the crypto arena.