![]() ![]() ![]() Binance is well-known globally and is a dominant exchange abroad, while other exchanges like Coinbase are more established in the US. Previously, Binance also reportedly considered bailing out cryptocurrency exchange FTX when it declared bankruptcy amid its founder Sam Bankman-Fried’s legal troubles, though it ultimately decided against doing so. “Concerns regarding Binance’s compliance and regulatory practices have been raised for some time, and the evidence brought forth by the CFTC is quite damning.” What this could mean for crypto overallįor those who may not know Binance as well, it’s one of the biggest crypto exchanges in the business and it handled approximately $23 trillion in trades in 2022. “The cryptocurrency industry has recently faced several significant challenges, beginning with the Terra/Luna meltdown, followed by FTX, and now Binance,” says MIT Cryptoeconomics Lab founder Christian Catalini. That would deal a serious blow to Binance’s derivatives revenues, 16 percent of which comes from the US, CNN notes. If the CFTC suit is successful, it could result in “hundreds of millions” in fines as well as a possible ban on Binance’s ability to register as a derivatives trader in the US down the line. The lawsuit could have bigger impacts for Binance’s business long-term, according to a report from CNN’s Allison Morrow. Since then, investors who use the platform have pulled out $1.6 billion, a significant uptick in withdrawals, though experts note that Binance’s reserves may be big enough to withstand such a hit. Binance CEO Changpeng Zhao has called the lawsuit an “incomplete recitation of facts” in response. The lawsuit, which was filed on Monday, alleges that Binance intentionally evaded US laws including failing to register in the country and allowing Americans to trade crypto derivatives, which is barred for retail investors. It’s the latest example of the increased federal scrutiny the industry has been under following a wave of scandals in the last few years. Binance.US GitHub activity began on Jun 28, 2019, until now it has 1 public repositories.Binance, the world’s largest cryptocurrency exchange, is dealing with some major uncertainty after getting hit with a lawsuit from the US’s Commodity Futures Trading Commission, or CFTC. Since then, the brand has generated 13,873 subscribers, which is a small fan base. The company’s Ahrefs Rank is 30,009, and the Website Domain Rating is 76 - both of these metrics are deemed as very good.īinance.US has joined Reddit on Sep 17, 2019. Binance.US currently has 89,668 monthly organic visitors to its website, which is quite a low amount of traffic. ![]() Looking at Binance.US Telegram stats, the project has 10083 members. It’s important to note that Binance.US has posted 10,906 tweets since it joined Twitter on Apr 09, 2019, which shows the brand’s level of involvement and proactiveness. On the other hand, Binance.US is following 159 Twitter accounts. Looking at Binance.US Twitter statistics, it’s clear that the brand has 411,780 followers, which is considered to be a quite average follower base. By analyzing Binance.US social media signals, you can instantly see how active, community-involved and popular the company is. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |