Users Store More Than $100B on Binance

The total value of assets held by clients on Binance has surpassed $100 billion. This growth can be attributed to the high prices of digital assets and the increase in funds moving onto the platform in recent months.

Binance stated that all user funds are backed 1:1 and fully verified through a proof-of-reserve system, demonstrating their commitment to transparency.

According to data from DeFi Llama, $109 billion is currently stored on the platform, with the majority of assets being Bitcoin, USDT, and BNB.

Binance clarified that the numbers provided by blockchain market analysis firms may not accurately reflect the actual amount of user funds, as some assets included may be the platform’s own operating funds.