Binance news Financial News
06.10 / 20:01
Binance news
Binance's Spot Market Share Dips to 34.3% – What's Behind the Decline?
According to yesterday's report by cryptocurrency data provider CCData, Binance's spot market share has seen a notable decline, falling from 38.5% in August to 34.3% in September. This marks the seventh consecutive month of decreasing spot market share for the world's leading cryptocurrency exchange.
16.03 / 21:57
Binance
Binance news
Binance tightens token-listing process as regulators keep close watch
Binance Holdings Ltd. has tightened requirements for listing new digital tokens, stepping up efforts to bolster investor protections on its platform. Crypto projects seeking to list tokens on Binance must now agree to a significantly longer so-called “cliff period” during which no coins can be sold, set aside more coins for market makers and make a security deposit, said people with knowledge of the matter, who asked not to be identified discussing confidential information. The changes started taking effect late last year, the people said.
14.09 / 22:07
Crypto regulations
Binance news
Binance US
regulatory
Binance US Loses Key Executives as Regulatory Issues Intensify – Here's the Latest
Binance US, the American subsidiary of the well-known cryptocurrency exchange, is experiencing a series of high-profile departures.
18.07 / 03:17
Binance
Binance news
Crypto Exchange
Binance lays off over 1,000 employees: Report
Binance has laid off more than 1,000 people in recent weeks in a continuing exercise that could result in the exchange losing more than a third of its staff, the Wall Street Journal reported on Friday, citing a person familiar with the moves. Last week, a string of executives also quit Binance, which included its Chief Strategy Officer Patrick Hillmann. U.S. regulators last month sued the crypto exchange and its CEO Changpeng Zhao for allegedly operating a «web of deception.» Binance has said it would defend itself «vigorously.» More employees were laid off this week, according to former employees, who said customer-service workers were heavily affected. The cuts were global, including about three dozen customer-service employees in India, the report added.
19.03 / 09:21
Binance
crypto news
Binance news
Binance says users in Ontario restricted from using its platform
crypto exchange by trading volume, has confirmed in an undertaking to the Ontario Securities Commission (OSC) that it would stop opening new accounts for users in the Canadian province, the regulator said on Thursday. The dispute between Binance and OSC started in June last year, when the exchange announced its decision to quit Ontario after a regulatory crackdown on crypto exchanges in the province for allegedly failing to meet securities laws. However, in December, Binance notified investors that it was allowed to continue its operations in Ontario while still being unregistered in the province, the OSC said.
13.12 / 23:49
Binance
cryptocurrency news
crypto market
Binance news
licence
Binance affiliate says will withdraw Singapore licence application
Binance, one of the world's largest cryptocurrency exchanges, said on Monday it will withdraw its local licence application and wind down its digital payment token business in the broadly crypto-friendly city-state. The company, which has come under growing scrutiny globally, did not give a reason for its decision beyond «strategic, commercial and developmental» considerations and said it would refocus the local unit's operations on becoming a blockchain innovation hub.
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