US ramps up probe of crypto exchange Binance
The popular crypto exchange and derivatives seller is adamant it is operating in line with laws and regulations in the countries in which it operates.
Stay updated with breaking news from Binance Hillmann. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The popular crypto exchange and derivatives seller is adamant it is operating in line with laws and regulations in the countries in which it operates.
The exchange said it dealt with net outflows of around $6b over 72 hours last week.
The world's biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token
The world's biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. The exchange said it dealt with net outflows of around $6 billion over 72 hours last week "without breaking stride" because its finances are solid and "we take our responsibility as a custodian seriously." After the collapse of rival exchange FTX last month, Binance's founder Changpeng Zhao promised his company would "lead by example" in embracing transparency.
The world's biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token.