Binance’s Crypto Trading Dominance Wanes, Market Share Drops to 55%
Binance has experienced a significant decline in its market share, dropping from 81% to 55% of global crypto trading volumes within a year, as reported by Kaiko.
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Binance Fortifies User Protection Fund with USDC Conversion
Binance has announced the conversion of its Secure Asset Fund for Users (SAFU) into the USD Coin (USDC) stablecoin, a move aimed at enhancing the stability and security of its user protection fund during market volatility.
Binance Halts Support for Bitcoin NFTs
Binance NFT Marketplace is ending all support for Bitcoin-based NFTs starting April 18 due to declining market trends, urging users to withdraw their holdings.
Binance Faces Ban in Philippines Amid Regulatory Crackdown
The Philippine Securities and Exchange Commission (SEC) has obtained approval from the National Telecommunications Commission (NTC) to block access to Binance’s website and associated services nationwide, citing the exchange’s unlicensed operations in the country.
CommEX Closure Highlights Crypto Regulatory Hurdles in Russia
Binance, the world’s largest cryptocurrency exchange, has exited the Russian market, selling its Russian branch to CommEX. Now, CommEX has announced the gradual suspension of its trading platform operations, culminating in a complete shutdown by May 10, 2024, citing challenges in navigating Russia’s compliance environment.
XRP Jumps 20% Amid Binance Transfers as Crypto Rally Broadens
Ripple’s XRP token jumped over 20% on Monday, fueled by large transfers worth millions of XRP from the crypto exchange Binance, as the broader crypto rally extends to previously lagging assets.
Binance Rewards Users for Accurate Listing Predictions with Futures NEXT
Binance has introduced the Futures NEXT platform, allowing users to predict which tokens will be listed on the futures market and earn rewards for correct forecasts.
Crackdown Looms: Binance Faces Ban in Philippines
The Philippines’ Securities and Exchange Commission (SEC) has warned Binance for operating without a license and overseeing unauthorized securities sales, threatening to ban the exchange if it fails to address concerns by the end of February.
Leveraged Tokens Removed From Binance
Binance announced it will delist and halt services for six leveraged tokens tied to Bitcoin, Ethereum, and Binance Coin by April 3rd, citing routine product reviews.
Binance founder CZ’s Judgment Day Delayed in Shock Move
Changpeng Zhao’s criminal sentencing for money laundering charges related to cryptocurrency exchange Binance has been postponed to late April without explanation.