Binance Adds New Euro Fiat Partners for Euro Services
Binance announced that it has expanded its European footprint by working with numerous regulated fiat partners to provide EUR services. Binance has announced new fiat partners to handle euro transactions after losing its previous partner, PaySafe, in September due to EU regulatory issues. Users are being transferred to the new services as part of this […]
CommEX Struggles to Attract Russian Clients
Following Binance’s withdrawal from the country, its Russian customers are switching to other platforms for cryptocurrency trading. It is becoming clear that many customers don’t appreciate CommEX, the company that bought Binance’s Russian operation. According to Satoshkin CEO Dmitry Stepanin, peer-to-peer (P2P) operations have currently decreased by between 10 and 30%. According to data from […]
Binance to Cease BUSD Lending Services by October 25
Cryptocurrency exchange Binance will stop offering borrowing and lending services for Binance USD (BUSD), its stablecoin. The exchange will close all open BUSD loan and collateral positions by the end of the month, according to the notice from October 3. Stablecoins like Tether USDT (tickers down $1.00), Dai, TrueUSD (TUSD), and USD Coin (USDC $1.00) […]
Binance Facing New Class Action Lawsuit
Another class action lawsuit against Binance Exchange and CEO Changpeng “CZ” Zhao is pending because of an unhealthy FTX game. Another class action lawsuit has been filed against cryptocurrency exchange Binance Holdings Ltd. and its CEO Changpeng ‘CZ’ Zhao, for allegedly contributing to the demise of its main rival, FTX Derivatives Exchange. According to a […]
Binance Announces Exit from Russia, Sells Business to CommEX
Binance, a leading cryptocurrency exchange, has decided to pull out of the Russian crypto market completely. A new rumor claims that Binance intends to withdraw from the Russian market. Significantly, the action involves selling CommEX, a freshly launched cryptocurrency exchange, the whole Russian business section. The changeover should be simple for Russian-based Binance users. The […]