Another aspect of distribution refers to Binance's internal ecosystem (e.g., BEP2/BEP20 versions of tokens)—concerns have been raised about whether these tokens are properly backed.

A 2022 Reddit critique highlighted that Binance allowed withdrawals into BEP2/20 tokens for many assets without verified Proof-of-Assets, potentially leading to under-backed tokens. For example:

DOGE ERC/BEP2 tokens reportedly had no backing.

ETH, XRP, ADA, DOT tokens on Binance chains were backed only partially (e.g., ETH only ~74% backed). .

Binance’s PoR data reflects strong backing and transparency overall—giving users real reassurance that assets are fully collateralized.

Dominance in stablecoin liquidity underscores Binance's market power and influence.

That said, caution is warranted regarding internal tokenized versions (BEP2/BEP20) whose backing may not be fully guaranteed—especially if you diverge from standard network withdrawals.

Let me know if you want a deeper dive into any specific asset’s backing, liability concerns, or how this compares to other exchanges!