Binance abruptly closed the derivatives position for its Australian users in February, citing compliance with local laws. On April 5, Oztures Trading Pty Ltd, which trades under the name Binance Australia Derivatives, submitted a request to the Australian Securities and Investments Commission (ASIC) to revoke its derivatives license. The request has been granted, according to…
Read more
According to CZ, Binance cannot become a hybrid exchange with the current blockchain throughput Changpeng ‘CZ’ Zhao believes the crypto industry needs more decentralized exchanges (DEXs). Changpeng “CZ” Zhao, the chief executive officer of Binance, stated that the company is “not there yet” to become a hybrid exchange. CZ was answering a local area…
Read more
According to Binance CEO Changpeng “CZ” Zhao, the cryptocurrency exchange had frozen $2 million associated with an alleged insider trader’s crypto address. In a Walk 28 Twitter string, FatMan Land said a mysterious individual front-ran a few Binance altcoin postings to book a seven-figure benefit. The crypto influencer explained how the trader’s “covert operations” were…
Read more
As users report issues off-ramping, daily withdrawals from Binance double Reuters obtained information from Nansen that indicated that there have been $1.6 billion in withdrawals from Binance since Monday. During this time, users of Binance are reporting difficulty off-ramping via social media. However, others have deemed the assumption of widespread withdrawals to be FUD.…
Read more
