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Binance.US Refutes Bitcoin Cash (BCH) Reserves FUD

Binance, the world's largest exchange, has been facing rumors and doubts about its Bitcoin Cash (BCH) reserves on its American subsidiary, Binance.US. The company has clarified that it maintains a 1:1 reserve for BCH, meaning that for every BCH held on the platform, a BCH is kept in reserve.

Binance.US temporarily paused BCH withdrawals due to a technical issue in its deposit sweeping system, but the issue has been resolved. The exchange is also facing legal action from regulators and banking partners severing ties, causing a rush to cash out and creating price discrepancies on the platform.

Bitcoin Bitcoin $94,420.87
-3.44%
Binance Bitcoin Cash
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