Binance Quickens Delistings as Regulatory Pressure Intensifies
According to Kaiko, cryptocurrency exchange Binance increased its listing requirements after a 21% drop in the number of listed trade instruments in 2023. A recent report by Diving Into DEXs claims that Binance is now delisting companies more quickly after Changpeng Zhao, the company’s founder and former CEO, settled a $4.3 billion lawsuit with US […]
Binance Withdraws Abu Dhabi License Application
Binance has withdrawn its bid for an investment management license in Abu Dhabi, having deemed it unnecessary to the company’s “global needs.” On December 7, 2023, Reuters reported that cryptocurrency exchange Binance had chosen not to move forward with its application for a license in Abu Dhabi. Less than a year ago, the exchange submitted […]
Binance Introduces Groundbreaking Banking Triparty Agreement
In an innovative triparty arrangement with a banking partner, Binance provides institutional investors a safe way to handle counterparty risks in cryptocurrency. With a financial partner, Binance has effectively carried out the first-ever cryptocurrency triparty agreement, while the name of the banking partner remained undisclosed. This important breakthrough provides a first-in-crypto solution that mimics conventional […]
Changpeng Zhao Steps Down as Binance.US Chair
Changpeng “CZ” Zhao, a co-founder of Binance, has resigned as Chairman of Binance Holdings Ltd., the US international exchange division. Changpeng Zhao has not only consented to resign from the board but also transferred his voting shares through a proxy arrangement, as the US affiliate disclosed in its notice to the community. The announcement reads: […]
Binance Gets New CEO After Changpeng Zhao Steps Down
Richard Teng has been named CEO of Binance Exchange, as the cryptocurrency trading company navigates the market without CZ. Changpeng “CZ” Zhao, the co-founder and former CEO of Binance Exchange, has nominated Richard Teng , the company’s previous Head of Regional Markets, to take over as CEO during what may be considered the most important […]