Binance Signals That a Full Audit for Crypto’s Biggest Exchange Remains Some Way Off
- Asia-Pacific head Foong says accountants learning about crypto
- Binance mulling more efficiency after period of rapid growth
Binance, the world’s largest digital-asset exchange, indicated a full audit of its assets and liabilities is some way off amid calls for more transparency following the collapse of rival FTX.
The company’s goal is to hire an auditor for the whole balance sheet but big accountants are still learning about the crypto sector, which lacks agreed standards for challenges like price volatility, Binance’s Asia-Pacific head Leon Foong said.
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Binance Signals That a Full Audit for Crypto’s Biggest Exchange Remains Some Way Off