Binance, the world's largest exchange, has been facing rumors and doubts about its Bitcoin Cash (BCH) reserves on its American subsidiary, Binance.US. The company has clarified that it maintains a 1:1 reserve for BCH, meaning that for every BCH held on the platform, a BCH is kept in reserve.

Binance.US temporarily paused BCH withdrawals due to a technical issue in its deposit sweeping system, but the issue has been resolved. The exchange is also facing legal action from regulators and banking partners severing ties, causing a rush to cash out and creating price discrepancies on the platform.