Binance CEO: Avoid Crypto Exchanges That Need Funding To Survive
Changpeng Zhao, CEO of the Binance, has offered advice to the cryptocurrency community in response to the recurrent cases of cryptocurrency platforms blocking users’ accounts and preventing them from accessing their funds. CZ Says Binance Is Profitable On July 21, CEO Zhao tweeted, “Choose exchangers carefully. Avoid exchanges that require funding to operate. He made […]
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Prices have been declining across the crypto market and with it has come to a lot of doubt on the part of investors. This is reflected in the deposit and withdrawal trends recorded across the various crypto exchanges. One of these has been the funding rates which had remained flat for the better part of the first half of 2022. However, there has now been some movement in the funding rates and it is unfortunately not for the better. Funding Rates Turn Negative Two leading crypto exchanges have seen negative crypto funding rates for the past week. Binance and ByBit consistently appear on the....
Binance US plans to close a major private funding round in the next two months to become more independent from Binance. Binance’s affiliate United States-based cryptocurrency exchange Binance US is targeting an initial public offering (IPO) in 2024, according to Binance CEO and founder Changpeng Zhao.BinanceUS is planning to close a large private funding round in the next two months that would allow the firm to become more independent from the global exchange, Zhao said on Sept. 1 in an interview with tech publication The Information.Zhao is confident that the global crypto exchange will....
Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them.
Main Takeaways:
A nested exchange provides crypto trading services through an account or wallet on an existing host exchange.
Nested exchanges are attractive crypto platforms for money launderers looking to bypass KYC and AML requirements.
In this article, you’ll learn how to avoid nested exchanges, the common....
The Binance Futures funding rate overtook Deribit on Dec. 18, which has historically led to Bitcoin to consolidate or pull back. The Bitcoin (BTC) futures funding rate on Binance Futures overtook Deribit on Dec.18, according to data from CryptoQuant. Historically, when this happened, the dominant cryptocurrency saw a local top or consolidation.The funding rate of major cryptocurrencies, including Bitcoin and Ether (ETH), rose considerably in the past 48 hours. This typically indicates that the futures market is overheating, which raises the probability of a pullback.Binance Funding vs.....
Cryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s Ontario Binance, which is one of the world’s leading cryptocurrency exchanges by daily volume, has updated customers on a change that concerns crypto traders in Ontario. The Canadian province is now a restricted jurisdiction, the company announced this week. In a press release, Binance....