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Solmate Discloses 1.26 Million SOL in Custody and Denies Binance Exposure
(1 day ago) · 1 source · Summarized by CryptoBipto
Solmate has publicly disclosed that it holds 1.26 million SOL in custody positions. The company also stated that it has no exposure to the Binance exchange.
WHY IT MATTERS
When a company holds cryptocurrency on behalf of its users, this is called custody — similar to how a bank holds your money.
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SOURCES
- newsbtc.com
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