Tag: Binance

Binance to delist privacy tokens in France, Italy, Spain and Poland

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Cryptocurrency is going to become less private in Europe as the major exchange Binance is preparing to delist all privacy tokens in countries like France and Italy. Starting from June 26, privacy tokens like Monero (XMR) or Zcash (ZEC) will no longer be available for trading for Binance customers in France, Italy, Poland and Spain. A spokesperson for Binance told Cointelegraph that the new restrictions affect a total of 12 coins. The affected tokens include Decred (DCR), Dash (DASH), Zcash (ZEC), Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge…

Binance Might Allow Crypto Traders and Investors to Hold Collateral in Bank

Sources said that Binance is working on a setup that will allow them to keep bank deposits as collateral for margin trading in spot and derivatives. The latest report from Bloomberg shows that the crypto exchange Binance is exploring a new solution to reduce counterparty risks while allowing some of the institutional clients to keep trading collateral at a bank instead of a crypto platform. Sources familiar with the matter noted that Binance spoke to some of its professional customers regarding a setup that will allow them to keep bank…

Binance restarts TORN deposits on ETH and BNB blockchains

On May 20, 2023, Binance made an announcement on Twitter that “Due to circumstances surrounding the protocol, Binance will temporarily pause $TORN deposits until further notice.” The exchange has since followed up the suspension with an announcement on May 29, stating that deposits are resumed. Restoring governance within the TORN DAO Binance has officially reopened deposits for the token on both the Ethereum (ERC20) network and the BNB Smart Chain (BEP20). The move comes after the successful execution of a proposal aimed at restoring governance within the TORN DAO, prompting…

Binance considers allowing traders to secure collateral at banks: Report

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Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to keep their trading collateral at a bank instead of on the crypto platform, according to Bloomberg.  Binance is discussing a proposal to let some customers keep their collateral for margin trading in a bank account, which could reduce counterparty risk https://t.co/IGnLqASBuA — Bloomberg Crypto (@crypto) May 30, 2023 This move comes in response to demands from institutional digital-asset traders for increased security measures following the collapse of FTX late…

Wintermute moves over $4M of Optimism tokens to Binance ahead of OP unlock

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Decentralized finance (DeFi) platform Wintermute has transferred its Optimism (OP) tokens to a Binance exchange wallet ahead of the upcoming unlock that’s scheduled to release $587 million worth of tokens into the market.  On May 31, 386 million OP tokens will be unlocked for early contributors and investors. The amount of tokens that will be released into the market accounts for 9% of the total supply. The tokens are worth around $587 million and are expected to increase the circulating supply by over 100%. Seemingly preparing for the token unlock,…

Bitcoin selling for $5K cheaper on Binance Australia as fiat ramp closes

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Bitcoin (BTC) is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the Australian dollar.  The move comes as traders rush to cash out their crypto holdings into Australian dollars before the door for local bank withdrawals closes in a few days. On May 18, Binance Australia informed users that it is suspending Australian dollar services after a decision by its third-party payments provider. Deposits via bank transfer were halted immediately, while…

Binance and Gulf Energy’s Partnership Secures License for Regulated Crypto Exchange in Thailand

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Gulf Binance, a collaboration between cryptocurrency exchange Binance and Gulf Innova, the innovation arm of Gulf Energy, has secured a digital asset operator license in Thailand. The Ministry of Finance in Thailand granted the license, giving Gulf Binance the green light to proceed with its plans to establish a regulated cryptocurrency exchange and brokerage. According to a press release, the platform is expected to be launched by the end of this year. The strategic partnership between Binance and Gulf Energy’s Gulf Innova aims to leverage Binance’s expertise in the crypto…

Binance kicks off transition to new platform in Japan

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After five years out of the Japanese market, crypto exchange Binance has begun the process of establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022.  As part of the deal, SEBC will cease its current services by May 31 and reopen as Binance Japan in the coming weeks. Users of the exchange’s global platform in the country will have to register with the new entity. The migration will be available after August…

Binance sets foot in southeast Asia, collaborates with Gulf Energy in Thailand

The world’s largest crypto exchange Binance has acquired the first license to expand its business to Southeast East through a joint venture with Gulf Energy that starts in Q4 2023. Binance in Bangkok The digital asset market in Thailand is likely to change due to the arrival of the top cryptocurrency in the world in trading volume. The Securities and Exchange Commission of Thailand on May 26 ratified the joint operations between Binance and Gulf Energy development to run a digital asset and brokerage exchange. The license is the first…