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Binance’s Bitcoin Reserves Are Overcollateralized, New Report Says

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Mazars took a snapshot of Binance’s total reserves and liabilities on Nov. 22 to perform a collateralization analysis. Assets included were customers’ spot, options, margin, futures, funding, loan and earn accounts for BTC and wrapped bitcoin held on the Bitcoin, Ethereum, BNB Chain and Binance Smart Chain blockchains.

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