Amid the weight of regulatory scrutiny, Binance continues to grow its international compliance team for better relations with financial regulators.
Founded in 2017 by Changpeng Zhao (commonly known as CZ), Binance has become one of the largest crypto-asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.
Binance offers a range of products including crypto futures trading, margin trading and lending, powered by centralized and decentralized exchange platforms.
In April 2019, the company launched its own blockchain, Binance Chain, which is secured by a delegated proof-of-stake consensus. Binance Coin (BNB) is the protocol currency for the blockchain as well as the utility token for Binance’s exchange services. Binance Launchpad is a token sale platform that assists in launching blockchain ventures.
In the three years since its launch, Binance has become home to a variety of projects and initiatives ranging from exchange services, blockchain protocols and charity work, to venture accelerators — maintaining momentum through a constant dance of regulatory arbitrage as the exchange extends and launches services in jurisdictions across the world.
Sanchan Saxena, the vice president of product at Coinbase, said yesterday that the “insane” amount of traffic from signing up to the waitlist temporarily broke the site.16538
BNB price gets a boost as Binance launches a $1 billion blockchain fund.7379
Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland.5684
The announcement stated that the program is the largest ever announced in the crypto space.7676
Binance established three subsidiaries in Ireland during September and the globe-trotting exchange may be settling down.6568
Correlation does not imply causation, but these three indicators did signal prior to Bitcoin’s recent push to $49,000.10925
Regulatory scrutiny from around the world has forced the cryptocurrency exchange to up its compliance and auditing measures.2791
In the last 24 hours, the DEX sector has logged a combined profit of over 60%, while their centralized counterparts have grown by just 0.77%.7068
The crypto exchange giant has announced further restrictions to its operations in Singapore amid regulatory scrutiny.10753
Are stablecoins really stable? An in-depth case study based on the third-biggest stablecoin in the world answers the industry’s most pressing concerns.5448
Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens.10982
The Evergrande fiasco appears to be driving the correction in global stock markets, but data shows this isn’t deterring pro traders from buying the BTC dip.24980
Bitcoin has been leaving Coinbase’s wallets in 2021, while BTC exchange reserves on Binance tell a different story.16758
SushiSwap’s CTO will instruct their lawyer to “file an IC3 complaint with the FBI” if the suspected hacker doesn’t return the funds.6417