Binance CEO Richard Teng has revealed the strategy the exchange will follow to regain its growth trajectory. Teng stated that the real objective is to attract outsiders to crypto, downplaying the recent decline of Binance in the exchange market. Binance Reveals ‘Compliance First’ Strategy to Recover Market Share Binance, the largest cryptocurrency exchange in the […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The Binance founder received an ovation at a standing-room only appearance in Dubai. Source
As more holders move into profit and look to lock in gains, their market activity may slow the climb toward the record, CoinDesk research noted earlier this month. Since Oct. 17, when the research was published, profit-taking has not abated, but it still seems as though a new all-time high is on the cards. Source
The leading crypto exchange by trading volume is launching a new platform built with high-net-worth clients in mind. According to a new press release, Binance is launching “Binance Wealth,” a platform tailored to wealth managers. “Binance Wealth allows wealth managers to oversee the onboarding of their clients and make investment recommendations, allowing their clients to receive strong support during onboarding and thereafter while retaining full discretionary control, akin to traditional wealth management.” As the name suggests, the new platform will aim to target wealth managers, though it does not set…
Gambaryan, head of financial crime compliance at Binance, was released on humanitarian grounds last week, eight months after he was first taken into Nigerian custody and subsequently charged with money laundering and tax evasion as a proxy for his employer, which the Nigerian government accused of tanking the value of the naira. The Nigerian government has since dropped both charges against Gambaryan, though Binance still faces tax-evasion charges in the country. Source
The Kingdom of Bhutan has moved Bitcoin to a centralized crypto exchange for the first time since July 1. Arkham data confirmed that Bhutan’s government sent 929 Bitcoin (BTC), worth over $66 million, on Oct. 29 to a Binance deposit address, slightly reducing its substantial crypto holdings. Officials initially moved 100 BTC, or $7.3 million, to the exchange in what appeared to be a test transaction. Bhutan subsequently transferred 839 BTC, valued at around $59 million, in a follow-up transaction. Arkham began tracking Bhutan’s crypto holdings in September, revealing that…
Despite appearances, Binance Wealth is not a financial advisory service but a technological solution designed to meet the needs of wealth managers, with the necessary infrastructure allowing them to oversee and support their clients’ exposure to crypto, explained Catherine Chen, head of Binance VIP & Institutional, in an email. Source
Cryptocurrency exchange Bitget has appointed Min Lin, former Binance regional vice president for Latin America, as its Chief Business Officer (CBO) as the platform seeks to accelerate its global expansion. Bitget Names Ex-Binance Executive Lin as Chief Business Officer Lin joined Bitget after leading Binance’s Latin American operations, where he played a key role in regulatory compliance and strategic growth. Prior to entering the crypto sector, he served as an executive director in Goldman Sachs’ Global Markets Division for over five years. “We are thrilled to welcome Min to our…
Users can now trade the MOODENG meme token on Binance in the form of the MOODENGUSDT Perpetual Contract with up to 75x leverage. On Oct. 25 10:00 UTC, Binance Futures announced it has expanded its listing to include the Solana-based meme coin MOODENG(MOODENG) through the MOODENGUSDT Perpetual Contract. According to the company notice, the Moo Deng-inspired meme coin remains as the underlying asset, while Tether becomes the settlement asset. Moreover, the capped funding rate set by the exchange at the time of the launch is 2.00%/-2.00%. Funding fees will be…
Binance relaunches Binance Connect as a fiat-to-crypto gateway, streamlining Web3 transactions and driving global digital asset adoption. Binance Connect Relaunches as a Fiat-Crypto Gateway for Web3 Adoption Crypto exchange Binance announced the relaunch of Binance Connect on Friday, unveiling a significantly expanded fiat-to-crypto service formerly known as Bifinity. Initially introduced in 2022 as a standalone […] Source BitcoincryptoexchangeExchanges CryptoX Portal