Binance to permit institutions store crypto with cold custody
The Mirror service is based on Binance Custody and involves mirroring cold-storage assets through 1:1 collateral held on a Binance account. Amid the centralized cryptocurrency exchanges (CEX) crisis, crypto exchange Binance is moving to improve its institutional trading services with cold-custody opportunities. The official launch of Mirror, an off-exchange settlement solution that enables institutional investors […]
Binance Secures Regulatory Approval In Sweden
The Swedish Financial Supervisory Authority, has granted the crypto exchange Binance approval to manage and trade digital currencies. The local branch of cryptocurrency exchange Binance has received authorization from the Swedish Financial Supervisory Authority, one of the nation’s financial regulatory bodies, to maintain and trade digital currencies. In a Jan. 11 press release, Binance stated […]
Binance workers must observe 90-day period before trading
Binance confirmed the three-month policy to prohibit insider trading by employees and their relevant family members. Since the demise of FTX, the cryptocurrency industry as a whole and outside of it have been talking a lot about the crypto exchange Binance. In an effort to control the behemoth, Changpeng “CZ” Zhao, the company’s creator, has […]
FTX, Genesis contagion reaches Binance’s Gopax acquisition deal
Binance ongoing acquisition deal with South Korea’s crypto exchange Gopax suffers hurdle due to Genesis contagion. The fifth-biggest exchange in South Korea, Gopax, will soon be acquired by Binance, the largest cryptocurrency exchange in the world. As a result, Binance has the chance to reenter the South Korean cryptocurrency market. However, the Binance-Gopax agreement has […]
Binance joins partnership to address global sanctions compliance
Binance has joined the Association of Certified Sanctions Specialists (ACSS) in an effort to stay in compliance with global sanctions. In a statement on Jan. 6, Binance stated that its staff members responsible for sanctions compliance would attend training as part of the ACSS certification procedure. The organization issued a test covering “information and abilities […]