Binance.US CFO Says Customer Funds Are Safe – WSJ

The U.S.-based arm of crypto exchange Binance doesn’t lend out customer assets and doesn’t commingle deposits with the larger platform, its financial chief said Wednesday.

“If all our customers show up tomorrow and demand their money…we will still have corporate assets left on our balance sheet,” Jasmine Lee said at The Wall Street Journal’s CFO Network Summit. “The whole concept of a bank run is actually impossible.”

Source: Binance.US CFO Says Customer Funds Are Safe – WSJ