4 ms·

I wouldn't look at Ripue and expect them to use the strictly correct accounting term. The full term is Assets Under Management so it's semi-understandable, but

I wouldn't look at Ripue and expect them to use the strictly correct accounting term. The full term is Assets Under Management so it's semi-understandable, but yes definitely not correct.

ashwagary 4y ago
Is it AUM if Binance doesn't "manage" anything for the vast majority of its customers? It's just a custodial wallet solution until a position is opened by the customer and even then Binance doesnt trade anything on their behalf.