Binance is bidding farewell to the Russian market, selling its business subsidiary in the nation to CommEX. While this exit process will unfold over the next year, Binance has assured its Russian users that their funds will remain unaffected. In a statement released on September 27, 2023, Binance highlighted its ...
Binance has officially announced its plans to gradually discontinue support for Binance US Dollar stablecoin (BUSD). The move confirms prior speculations that the exchange would do so following Paxos's announcement to halt the issuance and redemption of the stablecoin. In its official statement on August 31, 2023, Binance noted that ...
Binance has introduced a new product for its users across Latin America to seamlessly transfer their cryptocurrency holdings into their bank accounts. The newly launched service, Send Cash, allows crypto transfers from nine countries in the region, including Argentina, Colombia, Costa Rica, Dominican Republic, Guatemala, Honduras, Mexico, Panama, and Paraguay. ...
Binance has announced that it will no longer offer about 39 liquidity pools to users. The crypto exchange noted that the decision was based on its latest periodic review of listed liquidity pools aimed at optimizing trading experiences. Notable liquidity pools will be phased out, including ADA/BNB, DOT/BUSD, MATIC/BNB, SUSHI/BNB, ...
Binance has launched its instant payment service, Binance Pay, in Brazil. In a blog post on August 22, 2023, the crypto exchange noted that the move was to allow local merchants to offer a new payment alternative to their customers. Binance Pay is a contactless, secure payment service that facilitates ...
Binance has taken another legal action in its ongoing battle with the United States Securities Exchange Commission (SEC). On August 14, 2023, the exchange submitted a motion requesting a protective order against the regulator. The motion, filed by BAM Trading, Binance's U.S. operational entity, seeks to address what Binance perceives ...
On August 8, 2023, Binance announced that it had been granted a licence to offer crypto services to residents of El Salvador. With these regulatory approvals, Binance can now provide tailored cryptocurrency products and services in the country. #Binance is now El Salvador’s first fully licensed crypto exchange! 🇸🇻 With ...
Binance is making a strategic return to the Japanese market with the launch of a dedicated platform designed specifically for local customers. This move comes after five years of absence. The exchange closed its operations in Japan back in 2018 after it failed to win over the regulators. Binance's re-entry ...
Binance, through its subsidiary, Binance FZE, has successfully acquired an Operational Minimum Viable Product licence from Dubai's Virtual Assets Regulatory Authority (VARA). In a blog post on July 31, 2023, the exchange announced that VARA had granted it the necessary authorization to provide virtual asset exchange services and virtual asset ...
On July 27, 2023, attorneys representing Binance and its CEO, Changpeng Zhao filed a motion to dismiss the lawsuit filed both parties by the U.S. Commodity Futures Trading Commission (CFTC). The attorneys claimed that the lawsuit is CFTC's attempt to extend its regulatory authority beyond the United States and exert ...
