Binance Holds 4x More Ethereum Tokens Than ETH

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Summary

Binance holds in its cold wallets about $2 billion worth of ethereum based tokens and just around half a billion worth of eth itself. In the process they revealed their ERC20 and other ethereum based token holdings with Tether, of course, being the biggest one. That’s roughly how much Binance holds of Chainlink tokens at $177 million on one address, and about $80 million on another. Binance’s ethereum based token holdings, July 2019The other stablecoins like TrueUSD and USDCoin also have substantial holdings of about $170 million in combination. All of these tokens are on the ethereum address, and thus controlled by its private key.

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Binance holds in its cold wallets about $2 billion worth of ethereum based tokens and just around half a billion worth of eth itself.

The exchange moved some 2 million eth recently for a fee of 8 cent with it appearing to be from one cold storage address to another.

In the process they revealed their ERC20 and other ethereum based token holdings with Tether, of course, being the biggest one.

Binance’s ethereum based token holdings, July 2019

The other stablecoins like TrueUSD and USDCoin also have substantial holdings of about $170 million in combination.

That’s roughly how much Binance holds of Chainlink tokens at $177 million on one address, and about $80 million on another.

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