Tag: Binance

US judge transfers Binance lawsuit to Florida, citing first-to-file rule

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A US judge has granted Binance’s motion to transfer a case involving allegations it facilitated money laundering to the Southern District of Florida due to a similar case that had already been before the courts there. The case, filed in August 2024 in Washington, focused on the same core issue as a suit filed in June 2023 in Florida, accusing Binance of allowing cybercriminals to use the platform for money laundering, US District Judge Barbara Rothstein said in an April 21 order.  “Although the two complaints describe the proposed classes…

Low-Cap Altcoin Explodes After Crypto Exchange Binance Announces Perpetual Futures Listing

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A low-cap altcoin is up after the world’s top crypto exchange platform by volume announced the listing of perpetual futures for it. In a new announcement, Binance says it will launch support for Bitcoin (BTC) decentralized finance (DeFi)-focused platform Lorenzo Protocol (BANK) to Binance Futures. Binance’s announcement came on the same day as BANK’s official launch on the BNB Chain. News of the addition sent BANK flying as the digital asset went from a low of $0.03 on April 18th – its launch day – to a peak of $0.057…

Binance India Goes Full Compliance Mode With Re-Verification Mandate

Binance just ignited a compliance revolution in India’s crypto market, enforcing full KYC re-verification to tighten security, align with AML laws, and redefine user accountability. Binance Triggers Full KYC Lockdown in India Crypto exchange Binance announced a policy update on April 18 mandating know your customer (KYC) re-verification for all users in India, regardless of […] Source BitcoincryptoexchangeExchanges CryptoX Portal

62,181 Ethereum Moved from Galaxy Digital to Binance, What is Happening?

Key Notes Galaxy Digital moved 62,181 ETH, worth $99 million, to Binance. The $99 million transfers hint at possible sales or portfolio shifts. Panama City is among the key boosts for Ethereum in recent times amid the Galaxy uncertainty. Galaxy Digital, a major player in crypto investing, has moved 62,181 Ethereum, worth about $99.46 million, to exchanges like Binance over six days. This follows a pattern of large Ethereum transfers, raising questions about market moves and intentions. Large Ethereum Transfers Spark Questions The current data outlook shows that on April…

Binance held 36% CEX market share in Q1

Binance has maintained its position as the leading centralized exchange in Q1 2025, despite a wider market downturn and declining trading volumes. With a total trading volume of about $8.39 trillion, Binance accounted for 36.5% of the global CEX market share, according to TokenInsight’s Q1 exchanges report. This was a decrease from the $9.95 trillion volume in Q4 2024 in line with the general market trend. Because of the waning hype after Trump’s inauguration, overall cryptocurrency trading volumes dropped 12.5% during the quarter. Total spot trading volume across the top…

Binance Advising Governments on Establishing Crypto Reserves

Governments worldwide are racing to secure crypto dominance, turning to Binance for strategic guidance on digital reserves and regulatory blueprints as sovereign adoption accelerates. Nations Seek Binance’s Aid on Crypto Reserves Binance has begun advising governments on cryptocurrency regulation and national digital asset reserves, according to a report by the Financial Times, published April 17. […] Source CryptoX Portal

Binance Supports Countries in Managing Bitcoin Reserves and Shaping Crypto Policies, Says CEO

Key Notes Richard Teng says Binance is supporting countries in creating crypto reserves. Binance plans to set up an official headquarters. Trump’s interest in Bitcoin encourages other countries to develop more crypto-friendly policies. Binance is reportedly supporting countries in managing their Bitcoin reserves and shaping their crypto policies, according to its CEO, Richard Teng. This comes after the U.S. President Donald Trump reaffirmed his support for cryptocurrencies and pushed forward the development of digital assets in the country. In an interview with the Financial Times, Teng highlighted that Trump’s decision…

Binance helps countries with Bitcoin reserves, crypto policies, says CEO

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Cryptocurrency exchange Binance is involved in discussions on establishing strategic digital asset reserves with several countries, its CEO, Richard Teng, reportedly said. Binance has been advising multiple governments on establishing strategic Bitcoin (BTC) reserves and formulating crypto asset regulations, Teng said in an interview with the Financial Times on April 17. “We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves,” Teng told the FT. Teng did not identify any countries but said that the…

Binance in talks with countries to establish strategic Bitcoin reserves: report

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Once at the center of major enforcement actions, Binance now appears to be advising countries on creating strategic crypto reserves. Despite facing criminal charges in 2023, Binance now seems to be advising governments and sovereign wealth funds on how to create national strategic Bitcoin (BTC) reserves and set digital asset regulations, Binance CEO Richard Teng told the Financial Times. In a Thursday interview, Teng said that the exchange has received “quite a number of approaches by a few governments and sovereign wealth funds” on the establishment of “their own crypto…

Binance Traders Go All-In on Dogecoin Longs

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A fresh snapshot of Binance’s futures market data shows Dogecoin attracting a remarkably bullish stance among traders. According to a chart shared by Ali Martinez (@ali_charts) on X, 72.13%…