Indian exchange WazirX showed its reserves, 90% of which are stored on Binance wallets.
WazirX’s total user assets are valued at $285 million.
The company said it chose Binance as its custodian because of the “rigorous protocols and industry-leading technical features” that the exchange uses to protect user funds.
Notably, Shiba Inu accounts for 19% of the exchange’s assets.