A Tokocrypto spokesperson would not confirm the deal, which has been widely reported by regional media. Binance is a Tokocrypto investor; bitcoin jumps back above $17K. Source
Binance US has announced that it has expanded its “zero fee price model” to Ether (ETH) effective immediately. According to the announcement, users are now able to freely trade four Ether spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD. Just in time for the holidays, the best #crypto platform for low fees just got even better.#BinanceUS is pleased to offer zero-fees when you buy #Ethereum or trade ETH/USD, ETH/USDT, ETH/BUSD & ETH/USDC, for all users with no trading volume requirements. — Binance.US (@BinanceUS) December 7, 2022 Effective immediately, the US exchange…
According to a new document published on Dec. 7, South-African auditor Mazars confirmed that cryptocurrency exchange Binance possessed control over 575,742.42 of customers’ Bitcoins (BTC) worth $9.7 billion at the time of publication. Through the process, Mazars stated that “Binance was 101% collateralized.” The scope of the inquiry included customers’ spot, options, margin, futures, funding, loan, and earn accounts for Bitcoin and wrapped Bitcoin (WBTC). Aside from the Bitcoin network, BTC wrapped on Ethereum, BNB Chain, and Binance Smart Chain were also included in the inquiry. As part of its…
Binance CEO Changpeng Zhao disclosed that his exchange is overwhelmingly dependent on transaction fees for revenue generation. Binance chief executive officer Changpeng “CZ” Zhao recently revealed that the crypto exchange generates 90% of its revenue from transaction fees. In a TechCrunch interview from 2 weeks ago, Zhao also added that his company had removed all ads from the data site CoinMarketCap. Binance acquired CoinMarketCap in 2020. According to him, Binance chose to remove ads to allow for a cleaner experience. However, CZ noted that the exchange could decide to reinstate ads at any time. He…
Cryptocurrency exchange Binance generates 90% of its revenue from transaction fees, CEO Changpeng “CZ” Zhao said. Source
Place/Date: – December 7th, 2022 at 8:49 am UTC · 3 min read Source: Orbeon Protocol The cryptocurrency market is a rapidly growing and complex space. With so many different cryptocurrencies, it can be difficult to decide which one to invest in. Investors are always looking for the best cryptocurrency ecosystem, and notably, many are focusing on market newcomer Orbeon Protocol (ORBN) which has already seen 525% returns in presale. We’ll compare tokens like Binance (BNB), Stellar (XLM), and Orbeon Protocol (ORBN) to help you find the best crypto today.…
The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of crypto exchange Binance, Changpeng Zhao (CZ), took to Twitter Tuesday to address what he called “wrong narratives” that he has seen recently about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The…
The world’s largest crypto exchange platform by volume is listing a brand new altcoin in its Innovation Zone which allows users to trade newer token offerings. According to a recent company announcement, Binance Launchpad, a branch of Binance where crypto projects can raise funds, recently hosted a token sale for the Hooked Protocol (HOOK) via a subscription format. In Binance’s subscription format, potential participants get their participation limits set by their average Binance Coin (BNB) balance over a set period of days. They can then choose to lock up any…
Both Ambit Finance and Binance Labs will work together on launching future DeFi apps with a focus on innovation, security, and risk control. Earlier today, December 2, crypto exchange Binance announced a strategic investment of up to $4.5 million in Ambit Finance. The investment will come through Binance Labs, a venture capital arm of Binance. The goal behind this investment is to provide a boost to decentralized finance (DeFi) applications on BNB Chain. As a result, Ambit and Binance Labs will work together in launching future DeFi apps while putting…
In a bid to alleviate worries for retail investors, Patrick Hillman, chief strategy officer at Binance, discusses the crypto exchange’s proof-of-reserve system following the collapse of FTX. Source