Binance BTCB
Overview
Status
Mainnet
Type
Reserve
BTC Supply
₿0
Binance BTCB is a derivative asset native to BNB Smart Chain. BTC backing BTCB is secured by Binance, a centralized exchange.
BTC Supply
Total supply per day
Supplycoming soon
TVL Data Coming Soon
We're currently gathering and building data infrastructure for this network. TVL analytics will be available soon.
Token Contracts
Token Contracts Coming Soon
We're working to collect the various BTC-backed token contracts for this network. Contract addresses will be available soon.
Risk Summary
Users do not have unilateral claims on native BTC.
BTC backing this asset is secured by a centralized custodian. Users trust this single entity with maintaining the peg with BTC.
Assessment
Asset Custody
Users trust Binance with managing the BTC backing BTCB
When interacting with BTCB, users trust that Binance, a centralized custodian, will safely custody the BTC backing BTCB. When interacting with a centralized custodian, users trust that the custodian will not steal the funds backing their BTCB tokens. They also trust that Binance will effectively manage the BTC and not lose access to it. If the BTC backing BTCB, BTCB tokens could become effectively worthless.
Users trust Binance's reputation as an institutional provider when interacting with BTCB.
Users trust Binance's reputation as an institutional provider when interacting with BTCB.
Further sections to be reviewed
Aspects related to BTC custody, key management, transaction signing, and redemptions have not been reviewed. We are currently reviewing these sections.