7/29/2023 0 Comments Binance crypto brokers![]() ![]() BINANCE JERSEY is the tool that allows you to buy cryptocurrencies using bank transfer, thus let you trade fiat currencies with Bitcoin and some of the main altcoins.It allows you to trade cryptocurrencies at very low commissions, to operate in leverage, to participate in Initial Exchange Offering (IEO), to store coins and to earn interest by making your cryptos available to the exchange However, in recent months three additional platforms have been released to complete the Chinese exchange offer: The services offered by Binance are mainly aimed at traders. Thanks to a Memorandum of Understanding signed with the Malta Stock Exchange, Binance has created Binance Jersey, an independent platform created with the aim of expanding the European influence of the cryptographic giant.īinance's token, BINANCE COIN (BNB), today has a market capitalization of almost 3 billion dollars and is in the top 10 of CoinMarketCap. The company was founded in China but, following the government's ban on cryptocurrency trading, Binance decided to move the servers to Japan and its headquarters in Malta. Within a few months, the exchange has become the number one globally in terms of the trading volume. Founded in 2017, with fundraising through ICO (Initial Coin Offering) the team has raised 15 million dollars. However, the court approval is unlikely to halt the SEC’s legal crusade against Binance, with the securities regulator claiming it discovered multiple flaws in the deal and voiced concerns that the bankruptcy protections could allow Voyager to break securities laws during the restructuring process.īinance agreed to buy the collapsed crypto broker in December 2022 but the deal received instant regulatory scrutiny, spearheaded by the SEC.BINANCE is one of the most important exchanges of the crypto universe. The SEC’s efforts to block the Binance-Voyager deal ultimately failed after the US court approved the $1 billion acquisition on Tuesday. Also, the securities commission believes the sale of Voyager’s VGX token breached federal securities laws. More recently, an SEC official said last week that Binance’s US unit, Binance.US, is believed to be operating an unregistered securities exchange in the US. Coinbase subsequently ceased support for BUSD, claiming it no longer met the exchange’s listing standards. Last month, the New York state regulator NYDFS ordered blockchain infrastructure firm Paxos to stop issuing new Binance USD (BUSD) tokens due to the risk of the US Securities and Exchange Commission (SEC) viewing the stablecoin as an unregistered security. The increase highlights Binance’s dominance and resilience in the crypto exchange market despite a recent crackdown by the US and global regulators on the company. Binance Receives a Boost as Court Approves Voyager Acquisition Join our Telegram group and never miss a breaking digital asset story. “Despite the recent criticism the exchange has received, market participants continue to take shelter on Binance under the premise that the largest exchange is seen as one of the safer trading venues.” – Jacob Joseph, research analyst at CryptoCompare ![]() Binance’s 24-hour trading volume stands at $15.3 billion, compared to the $1.2 billion belonging to Coinbase, the second-biggest crypto exchange in the world by volume. The world’s biggest exchange’s market share grew from 59.4% in January to 61.8% in February, data showed.īinance saw its spot trading volumes jump 13.7% to $504 billion, marking an all-time market share for the crypto exchange. Binance’s Spot Trading Volumes Hit a New All-Time Highīinance’s crypto market share increased by 2.4% in February, marking the fourth consecutive month of growth, according to market data provider CryptoCompare. The increase comes despite recent scrutiny by the US regulators of the world’s largest crypto exchange. Please consult our website policy prior to making financial decisions.īinance’s spot market share across crypto exchanges increased for a fourth straight month in February, rising by 2.4% to 61.8%, according to data from CryptoCompare. Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice.
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