Will Binance Need to Sell Its Bitcoin and Altcoin Holdings? How Much of Which Altcoin Does It Have? Here are All Details
Binance, the world’s largest cryptocurrency exchange by volume, agreed to pay a hefty fine of $4.3 billion after pleading guilty in a landmark agreement with the US Department of Justice.
Despite the significant fine, Binance appears to be in a strong financial position to meet its obligations. The company’s corporate net balance, excluding customer assets, reaches a significant figure of 6.35 billion dollars. This includes holdings in various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Tether (USDT) and others.
The distribution of Binance’s assets is as follows:
- BTC $911,086,272.09
- ETH $405,739,759.29
- BNB $942,012,517.86
- USDT $2,875,907,154.56
- BUSD $280,699,036.30
- USDC $34,009,779.31
- LTC $5,546,826.85
- XRP $67,195,347.76
- LEFT $33,730,177.58
- LINK $30,543,628.73
- 1INCH $729,238.14
- APT $3,001,668.25
- ARB $1,999,284.50
- CHZ $51,010,319.77
- CRV $1,404,574.36
- DOGE $3,947,069.46
- DOT $63,068,848.65
- ENJ $2,147,052.80
- FDUSD $112,452,292.06
- GRT $2,826,879.38
- HFT $410,106,256.89
- MATIC $92,923,695.62
- SHIB $18,794,500.30
- UNI $3,044,222.37
Total $6,353,926,402.88
Binance’s new CEO, Richard Teng, remains optimistic about the company’s future. He recently commented on a post about the total amount of assets the company owns, saying:
“The fundamentals of our business are very strong. Binance continues to operate the world’s largest crypto exchange by volume, our capital structure is debt-free, our expenses are modest, and we have solid revenues and profits despite the low fees we charge our users.”
*This is not investment advice.