Exchanges / Binance
30-second risk check: Binance
BinanceRisk Rating and Review
binance.com · Official site verified ↗Likely contracting entity: Binance Japan Inc.Crypto-asset Exchange Service Provider
Licence status change · Moderate Risk
Cexvia rates Binance Moderate Risk at 71/100.
For Japan users, the mapped entity is Binance Japan Inc. under Crypto-asset Exchange Service Provider. Its strongest area is Asset & solvency transparency; the main observed concern is Regulatory & legal standing.
Cexvia Exchange Risk Rating0 critical · 100 stronger evidence
Binance71Moderate Risk
Regulato55Security62Corporat64Regulatory & legal standing55Corporate transparency64Asset & solvency transparency85Security & incident history62Operations & user protection84
Across five rated dimensions, Asset & solvency transparency scores highest at 85/100, while Regulatory & legal standing scores lowest at 55/100.
- 01
Binance Japan and Binance FZE currently have verifiable local regulatory records. The former Binance France SAS PSAN registration expired in July 2026 and must not be presented as an active licence.
Selected: JP / Binance Japan Inc. · Verified 2026-07-27
Overall score71Moderate Risk
Dimensions covered5 / 5
Regional Legal Entity Map
The brand does not define the regulatory perimeter.
The Japan and Dubai entities have current verifiable records. The former French PSAN registration expired on 2 July 2026, so historical and current status must be shown separately.
RegionContracting entityRegulatory recordScopeStatusChecked
What these records can establish
- Named legal entity and jurisdiction
- Permitted or registered activities
- Current public-record status at the verification date
What these records do not prove
- Protection against all asset loss
- Global coverage for every user or product
- Complete solvency or future regulatory status
Regulatory & legal standingComplete
55score / 100Weight 25% · Confidence 94%
Japan and Dubai records are active. The former French PSAN record expired on 2 July 2026 and cannot be treated as current authorisation.
- Active entities: 2
- Expired records: 1
- France expiry: 2026-07-02
Score contribution0.1 / 25
Why this score
Evidence highlightsActive entities: 2 · Expired records: 1 · France expiry: 2026-07-02
Observed limitationJapan and Dubai records are active. The former French PSAN record expired on 2 July 2026 and cannot be treated as current authorisation.
Missing or limited evidenceNo material publication gap recorded for this dimension.
0 source records · Reviewed 2026-07-27Corporate transparencyPrimary evidence
64score / 100Weight 15% · Confidence 78%
Reserve and regional terms are public, but the group structure is complex and consolidated audited financial statements are not publicly available.
- Reserve disclosure: ongoing
- Regional terms: public
- Consolidated financials: unavailable
Score contribution0.1 / 15
Why this score
Evidence highlightsReserve disclosure: ongoing · Regional terms: public · Consolidated financials: unavailable
Observed limitationReserve and regional terms are public, but the group structure is complex and consolidated audited financial statements are not publicly available.
Missing or limited evidencePrimary evidence
0 source records · Reviewed 2026-07-27Asset & solvency transparencyComplete
85score / 100Weight 20% · Confidence 90%
July 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
- BTC: 100.08%
- USDT: 103.49%
- USDC: 108.67%
Score contribution0.2 / 20
Why this score
Evidence highlightsBTC: 100.08% · USDT: 103.49% · USDC: 108.67%
Observed limitationJuly 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
Missing or limited evidenceNo material publication gap recorded for this dimension.
2 source records · Reviewed 2026-07-27Security & incident historyComplete
62score / 100Weight 15% · Confidence 90%
A 2019 hot-wallet breach involved 7,000 BTC. Binance said user losses were covered by SAFU, which was approximately $1 billion in 2026.
- 2019 breach: 7,000 BTC
- Users: covered by SAFU
- 2026 SAFU: about $1B
Score contribution0.1 / 15
Why this score
Evidence highlights2019 breach: 7,000 BTC · Users: covered by SAFU · 2026 SAFU: about $1B
Observed limitationA 2019 hot-wallet breach involved 7,000 BTC. Binance said user losses were covered by SAFU, which was approximately $1 billion in 2026.
Missing or limited evidenceNo material publication gap recorded for this dimension.
2 source records · Reviewed 2026-07-27Operations & user protectionPrimary evidence
84score / 100Weight 25% · Confidence 66%
The official system-status API returned normal at the review point. Asset-level maintenance must still be checked individually. Complaint evidence remains limited and is not treated as proof of safety.
- System status: normal
- API status code: 0
- Anonymous reviews: not scored
- Trust Score: 10 / 10
Score contribution0.2 / 25
Why this score
Evidence highlightsSystem status: normal · API status code: 0 · Anonymous reviews: not scored · Trust Score: 10 / 10
Observed limitationThe official system-status API returned normal at the review point. Asset-level maintenance must still be checked individually. Complaint evidence remains limited and is not treated as proof of safety.
Missing or limited evidencePrimary evidence
4 source records · Reviewed 2026-07-27Risk Drivers and Data Gaps
What moves the rating—and what remains uncertain.
Missing evidence is reported separately. It lowers coverage or confidence and is not automatically scored as a negative fact.
Key rating drivers
Asset & solvency transparency
850.2 weightedJuly 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
Operations & user protection
840.2 weightedThe official system-status API returned normal at the review point. Asset-level maintenance must still be checked individually. Complaint evidence remains limited and is not treated as proof of safety.
Corporate transparency
640.1 weightedReserve and regional terms are public, but the group structure is complex and consolidated audited financial statements are not publicly available.
Security & incident history
620.1 weightedA 2019 hot-wallet breach involved 7,000 BTC. Binance said user losses were covered by SAFU, which was approximately $1 billion in 2026.
Regulatory & legal standing
550.1 weightedJapan and Dubai records are active. The former French PSAN record expired on 2 July 2026 and cannot be treated as current authorisation.
Missing or limited evidence
Corporate transparency
Evidence status: Primary evidence. This limits confidence in the dimension conclusion.
Operations & user protection
Evidence status: Primary evidence. This limits confidence in the dimension conclusion.
Scope limitation
These three records do not establish one global regulatory status for Binance.
Scope limitation
The French record is retained to show a status change, not current authorisation.
Scope limitation
This page is not a complete legal-entity tree for every Binance offshore operation.
Security Intelligence Coverage
9 signal families, with collection boundaries shown.
3 automated or configured · 6 require analyst review
Official service status
Maintenance, wallet and service announcements are monitored; no unified public global status API is claimed.
- Cadence
- Every 15 minutes + review
- Rating use
- Eligible after validation
Independent probes
Homepage, public API, DNS and TLS probes are configured.
- Cadence
- Every 5 minutes
- Rating use
- Context only
Security incidents
Security, service and remediation announcements are reviewed alongside regulator and law-enforcement records.
- Cadence
- Daily
- Rating use
- Eligible after validation
Reserves and wallets
Published proof-of-reserves snapshots and wallet labels are reviewed.
- Cadence
- On change + weekly review
- Rating use
- Eligible after validation
Account controls
MFA, passkeys, anti-phishing, address management and API controls are reviewed.
- Cadence
- On change + weekly review
- Rating use
- Eligible after validation
Legal and regulatory
Regulatory records are attached to the named Binance entity and jurisdiction.
- Cadence
- On change + weekly review
- Rating use
- Eligible after validation
Domain and phishing
Official-domain and certificate baselines are configured.
- Cadence
- Daily
- Rating use
- Context only
Vulnerability signals
Potential product and dependency matches are queued for validation.
- Cadence
- Daily
- Rating use
- Never scored directly
Verified complaints
Official cases and structured evidence can be attached to the relevant regional entity.
- Cadence
- On change + weekly review
- Rating use
- Context only
Latest Risk Events
Verified changes connected to Binance.
highMonitoringRating input -4↗highConfirmedRating input -8↗highHistoricalRating input -6↗
Binance France’s former PSAN registration is no longer active
The former French PSAN record E2022-037 must not be presented as current authorisation.
Binance Holdings pleaded guilty in the U.S. criminal resolution
The U.S. Department of Justice states that Binance Holdings pleaded guilty and agreed to penalties, compliance remediation and an independent monitor.
Binance’s 2019 hot-wallet breach remains part of its security history
The incident involved 7,000 BTC. Binance said affected user losses were covered through SAFU.
Asset, Security and Operations
The evidence behind the dimensions users care about most.
Asset and solvency transparency
85/100July 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
- BTC: 100.08%
- USDT: 103.49%
- USDC: 108.67%
Security and incident history
62/100A 2019 hot-wallet breach involved 7,000 BTC. Binance said user losses were covered by SAFU, which was approximately $1 billion in 2026.
- 2019 breach: 7,000 BTC
- Users: covered by SAFU
- 2026 SAFU: about $1B
Operations and user protection
84/100The official system-status API returned normal at the review point. Asset-level maintenance must still be checked individually.
- System status: normal
- API status code: 0
- Asset status: check individually
- Anonymous reviews: not scored
- Comparable sample: insufficient
Exposure guidance
Limited long-term custody
- Use case
- Suitable for normal trading with controlled exchange balances.
- Avoid
- Avoid using the exchange as a single long-term custody location.
- Reason
- Asset & solvency transparency is the strongest observed area, while Regulatory & legal standing limits a stronger conclusion.
Action checklist
Choose your next step based on your current situation.
- 01Verify the official domain and app publisher
- 02Confirm the legal entity named in the account agreement
- 03Check whether the selected product is covered in your region
- 04Start with the minimum deposit
- 05Test one withdrawal
- 06Enable strong account security
- 07Avoid keeping unnecessary long-term balances
Compare Alternatives
Compare Binance with other published Passports.
ExchangeRiskScoreRegulatorySecurityConfidence
FAQ
Questions about Binance
Is Binance safe?
Binance is currently rated Moderate Risk at 71/100. This reflects observed public evidence and is not a guarantee of safety.
Is Binance regulated?
3 legal-entity records are mapped in this Passport. Each record has a jurisdiction-specific status and scope.
Which entity serves the selected region?
Japan: Binance Japan Inc. — Crypto-asset Exchange Service Provider.
Does Binance publish reserve or solvency evidence?
July 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
Should funds be stored on Binance long term?
Limited long-term custody. Suitable for normal trading with controlled exchange balances. Avoid using the exchange as a single long-term custody location.
Verified sources
Every conclusion links back to primary evidence.
Each source shows its verification date and the specific statement it supports.
Regulator · Financial Services Agency of Japan
Tier A↗Registered Crypto-asset Exchange Service Providers
Legal entity, corporate number, registration number, date and address.
Regulator · Virtual Assets Regulatory Authority
Tier A↗VARA Public Register — Binance FZE
Legal entity, licence number, status, issue date and authorised activities.
Regulator · Autorité des marchés financiers
Tier A↗Liste des PSAN radiés
French entity, historical registration number and expiry status dated 2 July 2026.
Platform terms · Binance
Tier B↗Binance Japan
Japan brand site, local entity and registration disclosure.
Regulator · Financial Services Agency of Japan
Tier A↗FSA historical warning — Binance Holdings Limited
Historical evidence used to distinguish the warned entity from the current Japan entity.
Reserve disclosure · Binance
Tier B↗Binance Proof of Reserves
Published reserve or asset-disclosure evidence used in the solvency assessment.
Reserve disclosure · Binance Academy
Tier B↗How Proof of Reserves works on Binance
Published reserve or asset-disclosure evidence used in the solvency assessment.
Security notice · TechCrunch
Tier B↗Binance breach
Published security or incident evidence used in the security assessment.
Security notice · Binance Academy
Tier B↗Secure Asset Fund for Users
Published security or incident evidence used in the security assessment.
System status · Binance
Tier B↗Binance system status API
Official service-status evidence used in the operational assessment.
Evidence coverage · Cexvia methodology
Method↗Cexvia complaint evidence standard
Complaint comparisons use verifiable primary evidence. The current cross-platform sample remains limited.
Market data · CoinGecko
Tier B↗Binance market data
Third-party market-quality data used as a supporting signal.
Market data · CoinGecko
Tier B↗Trust Score methodology
CoinGecko methodology covering liquidity, cybersecurity, API coverage, team and incident signals.
Cexvia ratings reflect observed risk under available public evidence. A higher score means lower observed risk, not guaranteed safety. Coverage, confidence, redlines and score direction are published separately. This page is not investment, legal or custody advice. Commercial relationships do not change scores or suppress verified evidence.