DD Support Board and Research Team

[BullNBear52]

Mazars reported a 101% collateralization ratio for the 575,742 Bitcoin in net customer balances as of midnight UTC on November 22.

Binance sees $3.6 billion in outflows in a week as customers pull funds from the exchange - but CEO Changpeng Zhao says its 'business as usual'
Phil Rosen
Wed, December 14, 2022 at 8:57 AM

....Despite the sizable withdrawals, Binance still holds about $58.9 billion in assets, according to Nansen data cited by Decrypt.

Amid the outflows from the exchange, Binance CEO Changpeng "CZ" Zhao, shrugged off any concerns about customers withdrawing funds.

"We saw some withdrawals today," CZ tweeted Tuesday. "We have seen this before. Some days we have net withdrawals; some days we have net deposits. Business as usual for us."

https://finance.yahoo.com/news/binance-sees-3-6-billion-135757890.html

So if I got this right Binance a crypto exchange with cryptos on deposit are using Bitcoin as an asset to cover the deposits.

And there really are no REAL reserves if there is a run on Binance. And god forbid if Bitcoin were to suddenly tank.