Binance Exchange – DIGIT INFO

Crypto trading volume to exceed $108T in 2024 with Europe in the lead

DIGIT — Fri, 12 Jul 2024 08:05:40 +0000

Crypto trading volume is projected to surpass $108 trillion in 2024, with Europe leading in global transaction value and Binance as the most dominant exchange around the world.

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Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients

DIGIT — Mon, 16 Jan 2023 22:30:02 +0000

The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of crypto with a qualified cold storage wallet, and assets will be mirrored on their Binance exchange account with a 1:1 balance. Binance […]

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Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings

DIGIT — Sun, 08 Jan 2023 18:30:02 +0000

Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation […]

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Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web

DIGIT — Fri, 16 Dec 2022 15:30:37 +0000

The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance […]

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Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months

DIGIT — Sat, 22 Oct 2022 16:00:14 +0000

In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin have shed some excess weight. While Tether and […]

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Binance establishes Global Advisory Board to work on regulatory and political issues

DIGIT — Thu, 22 Sep 2022 12:24:42 +0000

The former United States Senator Max Baucus will be leading the board that includes 11 other prominent figures.

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Binance crypto withdrawals return to normal following system backlog

DIGIT — Mon, 01 Nov 2021 14:30:00 +0000

The company announced a halt in withdrawal activity via their official Twitter account on Monday morning which lasted for just over 2 hours.

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Binance Discontinues Crypto Products and Services in South Korea

DIGIT — Fri, 13 Aug 2021 13:30:59 +0000

On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends Korean Crypto Services Last week, former CEO of Binance US and former acting […]

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Binance Restricts Crypto Derivatives Products in Hong Kong, Existing Positions Have 90 Days to Close

DIGIT — Fri, 06 Aug 2021 22:00:47 +0000

Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open new derivatives positions and customers with existing derivatives positions have 90 days to […]

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Despite Negative Press, Binance Is Still the World’s Largest Crypto Spot and Derivatives Exchange

DIGIT — Mon, 19 Jul 2021 17:00:10 +0000

While Binance has had a few issues with payment service providers and regulators from a few countries, the centralized cryptocurrency exchange is still the largest trading platform in terms of trade volume. During the last 24 hours, Binance has recorded roughly $8.6 billion in swaps and the trading platform commands the highest trade volume out […]

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