Binance, the world's largest cryptocurrency exchange, announced that it will soon close down its Jersey-based subsidiary, Binance Jersey. Binance launched its platform in Jersey as part of its expansion drive to tap into European markets. On Jan. 15, 2019, the exchange announced that Binance Jersey would allow fiat-to-cryptocurrency trading for European traders. At launch, the exchange supported Bitcoin (BTC) and Ether (ETH) trading against both the euro and the British pound. While the exchange aimed to make Binance Jersey a “major driving force” in European markets, the statistics show that it fell short of its goals. According to the latest …
Binance, one of the top cryptocurrency exchanges globally, has started discussions regarding a strategic partnership with two Japanese firms. According to a press release on Jan. 17, Binance has begun negotiations with Z Corporation, a subsidiary of Z Holdings formerly known as Yahoo Japan and TaoTao, a Japanese licensed cryptocurrency exchange. The exact details of the partnership have not been revealed as of this moment, but Binance said Z Corporation and TaoTao would "continue discussions and deliberations with Binance and begin preparation to launch trading services for users in Japan". Binance CEO Changpeng Zhao (CZ) commented to Cointelegraph on the …
Binance, the world’s largest cryptocurrency exchange by volume, is adopting major restrictions on users in Russia following the European Union’s fifth package of sanctions against Russia. Binance officially announced Thursday new limitations for Russian nationals or residents of Russia, restricting such persons from trading if they hold over 10,000 euros, or $10,800. Restricted accounts are no longer able to deposit or trade using Binance’s spot, futures and custody wallets, as well as staked and earned deposits. The restriction relates to Russian nationals, natural persons residing in Russia and legal entities based in Russia, the announcement notes, adding: “Accounts for Russian …
Both traditional and crypto investors consider trading fees as one of the most significant liabilities when it comes to investing over exchanges. So no wonder when Changpeng “CZ” Zhao, the founder and CEO of Binance, asked investors about their interest in trading on the crypto exchange with no fees, the response was a resounding yes despite the inherent risks pointed out by the entrepreneur. Binance stands as the biggest crypto exchange, outdoing its nearest competition FTX by 10x in terms of trading volume. CZ, known for implementing features based on community feedback, reached out over Twitter to gauge investor sentiment …
Crypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng "CZ" Zhao, have been under a microscope in an attempt to keep the behemoth in line. On Jan. 10, a tweet surfaced regarding the cryptocurrency exchange’s employee policy to prevent insider trading. It claimed Binance employees of any ranking are not allowed to participate in personal short-term trading and must hold positions for a minimum of 90 days. Cointelegraph reached out to Binance to confirm its policy and comment on the implications. …