Here’s how much Ripple (XRP) is currently on Binance: Data

TL; DR

Binance's Holdings: Binance's portfolio includes over $56 billion in digital assets, with Bitcoin and Ether as the top holdings and Ripple's XRP holding a smaller percentage. Legal settlement and CEO change: Following a $4.3 billion settlement with the US DOJ on money laundering charges, Binance CEO Changpeng Zhao resigned and was replaced by Richard Teng. Market Reaction: Binance's legal and management issues have had a negative impact on the cryptocurrency market, notably causing the price of Binance Coin (BNB) to drop 10%.

Not a big chunk.

One hot topic that has recently caught the attention of the cryptocurrency community is Binance, especially its issue with the US authorities and the resignation of its former CEO – Changpeng Zhao. In the following lines, we'll dive deeper into some of the company's metrics and explore its holdings.

According to data provided by Dune, the portfolio allocation of the world's largest cryptocurrency exchange contains digital assets worth more than $56 billion. Bitcoin (BTC) accounts for a third of this amount at $18.8 billion, while Ether (ETH) is second at $9.6 billion.

Interestingly, Ripple's native token – XRP – is not among the top 10 assets, accounting for only 0.11% of Binance's total holdings, or nearly $60 million.

Brief description of the Binance Saga

Like CryptoPotato reportedThe exchange has settled money laundering charges with the US Department of Justice (DOJ) by agreeing to pay a $4.3 billion fine. In addition, the former head of Binance – Changpeng Zhao – had to pay a fine of 50 million dollars and resigned from the position of CEO.

Taking the helm at the crypto behemoth is Richard Teng (previously serving as Head of Global Regional Markets).

The drama surrounding Binance may be one of the reasons why the cryptocurrency market turned red today (November 22). Binance Coin (BNB) – the native token of the marketplace – is one of the most affected digital assets, with a 10% drop in the last 24 hours (according to CoinGecko).