Binance Futures to limit leverage to 20x for existing users
New leverage limits on Binance Futures will soon apply to existing users with registered futures accounts of less than 30 days. Go to Source Powered by WPeMatico
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FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example
FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.” FTX CEO Announces Cutting Leverage Limits, 2x … Read more
After Barclays and Santander, UK Bank Natwest Blocks Payments to Binance
A major high street bank in the U.K., Natwest, has blocked payments to crypto exchange Binance. Natwest’s decision came after two other major British banks — Barclays and Santander — made a similar move to block fund transfers to Binance. The banks acted in response to a warning on the cryptocurrency exchange by the U.K.’s … Read more
Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’
Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment providers. CZ also noted during his interview that … Read more
FXT token taps into Binance Smart Chain following ERC-20 success
The BEP-20 based FXT token hopes to “replicate the success of its variant – ERC-20 Token.” Go to Source Powered by WPeMatico
Binance US ‘looking at IPO route’, CZ says
Binance is set to face heavy regulations in the future with the mindset of shifting from a tech startup to a financial service, Changpeng Zhao said. Go to Source Powered by WPeMatico
NatWest cuts payment channels to Binance citing regulatory uncertainty
“It’s like people can’t spend their money on what they want anymore,” one Twitter user noted regarding NatWest’s action against Binance. Go to Source Powered by WPeMatico
Binance Australia partners with Koinly for tax reports as ATO ramps up compliance
The taxman commeth for Australian crypto investors and Binance wants to help them out. Go to Source Powered by WPeMatico
Bitcoin erases 2021 gains as BTC price falls to ‘biggest bid ever’ on Binance
BTC is back at square one when it comes to this year’s bull market, but unparalleled bids are doing their best to halt any further losses. Go to Source Powered by WPeMatico
Binance Enters Popular Venezuelan Dollar Indexes as Currency Plunges 10% in One Week
Binance, the leading P2P exchange in Venezuela, is now present in several popular dollar indexes in the country. The price of USDT on Binance’s P2P platform is now used to calculate the average price of the dollar with other P2P and electronic markets. The Venezuelan currency, the Bolivar, took a plunge last week losing 10% … Read more