Binance’s Assets Under Custody Exceed $100B

Despite facing actions from the US Department of Justice, Binance remains resilient with over $100 billion in assets under custody as of March 18.

The exchange reported a doubling of assets under custody since the beginning of the year, with a 1:1 ratio and additional reserves verified through their proof-of-reserves system.

However, experts warn that this measurement may not accurately reflect liabilities or an entity’s net equity.

CEO Richard Teng confirms that the exchange is debt-free, but the most accurate information on user assets can be found in monthly POR audits.

Binance also announced the separation of their venture capital arm, Binance Labs, which has seen significant returns and now has a portfolio worth $10 billion, but is not directly affiliated with the crypto exchange.