Binance Unveils Data on its Reserves

Led by Senator Elizabeth Warren, a group of US senators has called on the management of Binance and its US affiliate Binance US to provide financial statements.

The letter sent to the company’s administration requested the publication of data from 2017. This week, Binance reported that it holds a total of 24 reserve assets, including MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV and DOGE tokens, and that the majority of its capital is placed in Bitcoin and Ethereum, at $12.7 billion and $7.1 billion respectively.

Binance also holds approximately $16.3 billion in Tether (USDT).

The management of the trading platform has emphasized that its financial position is stable, and that even the recent drop in the capitalization of the stablecoin Binance USD below $10 billion did not have a negative effect on the company.