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Binance Co-CEO He Yi Says CMC Verified New Addresses, Data Accurate

Binance co-CEO He Yi said CoinMarketCap has completed verification of Binance’s new addresses with the exchange, and the platform asset data it displays is now accurate. The statement responds to community questions about inconsistencies in data across multiple platforms. He Yi added that other platforms are welcome to contact Binance to update their address information.

Original source

AI take

The significance here is less about the data correction itself than about who is doing the correcting: a Binance executive publicly vouching for CoinMarketCap's figures, with both sitting under the same corporate roof, puts the spotlight on how exchange reserves are verified and by whom. It matters most for users and analysts who rely on third-party dashboards to judge platform holdings, since discrepancies across trackers erode confidence in all of them. The open question is whether the outreach to other platforms produces actual updates, or whether address data stays fragmented across venues.

Generated by AI for reference only.

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