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    Home » Binance » Page 6

    Binance News and Updates

    Binance is the world’s leading cryptocurrency exchange in terms of the trading volume between 2017 and 2019. Initially launched in China, the company moved its headquarters in Malta. It is believed that the move was in order to avoid severe regulatory hurdles.binance-coin-logo-png-transparent

    The exchange was launched back in 2017 by Yi He and Changpeng Zhao (CZ). The latter is also the CEO of the company and one of the most prominent people within the entire cryptocurrency community.

    Binance has managed to develop into something a lot more than merely a trading platform. In fact, it provides an entire ecosystem where users can trade, invest, and even earn interest on cryptocurrency they stake.

    One of the more exciting developments for Binance was the Launchpad, which gave birth to a new phenomenon in 2019 called Initial Exchange Offerings (IEOs). Unlike traditional Initial Coin Offerings, IEOs saw the cryptocurrency exchange do a serious due-diligence prior to listing the coins for trading on their very own platforms. Almost all of the major exchanges followed in the footsteps of Binance.

    Earlier in 2019, Binance also introduced a dedicated Bitcoin futures platform, in addition to margin trading. The volume quickly picked up and surpassed that of the main spot exchange.

    Moreover, the exchange launched its native cryptocurrency called Binance Coin (BNB). The exchange is doing a lot to ensure its utility. Traders can use it to enjoy reduced fees; it’s also the only cryptocurrency accepted for IEO investments on Binance Launchpad, and so forth.

    Binance is also considered to be one of the safest exchanges out there. It has introduced the Secure Asset Fund for Users (SAFU). The exchange allocates 10% of all of the trading fees to that fund, to provide its clients with protection in extreme cases. The funds there are stored in a separate cold wallet.

    Recent Binance News

    Binance US Valued at $4.5B Following a $200M Fundraising Round

    Binance US Valued at $4.5B Following a $200M Fundraising Round

    Apr 6, 2022 15:25 Jordan Lyanchev

    The American branch of the leading global crypto exchange has raised $200 million and its valuation has grown to $4.5

    Binance Leads $150M Funding Round of Axie Infinity Creator

    Binance Leads $150M Funding Round of Axie Infinity Creator

    Apr 6, 2022 11:47 George Georgiev

    Binance leads a $150 million funding round for Sky Mavis to be used entirely for recovering funds stolen in the

    Binance CEO: Using Crypto to Avoid Sanctions Is A Myth

    Binance CEO: Using Crypto to Avoid Sanctions Is A Myth

    Apr 5, 2022 18:45 Chayanika Deka

    CZ believes that nobody smart would use cryptocurrencies to evade sanctions.

    Mike Tyson to Introduce Mystery Box NFT Collection on Binance NFT Marketplace

    Mike Tyson to Introduce Mystery Box NFT Collection on Binance NFT Marketplace

    Apr 4, 2022 15:40 Dimitar Dzhondzhorov

    The latest renowned individual to launch an NFT collection is the former boxing champion - Mike Tyson.

    Binance Listed as the Official Crypto Sponsor for the 64th Annual Grammy Awards

    Binance Listed as the Official Crypto Sponsor for the 64th Annual Grammy Awards

    Apr 1, 2022 07:25 Anthonia Isichei

    The world's leading cryptocurrency exchange - Binance - is an official sponsor of the 64th Annual Grammy Awards.

    Thailand’s Gulf Energy to Invest in Cryptocurrencies and Blockchain Projects

    Thailand’s Gulf Energy to Invest in Cryptocurrencies and Blockchain Projects

    Mar 25, 2022 12:12 Jordan Lyanchev

    Thailand’s Gulf Energy Development Public Company Ltd has set up a subsidiary to focus on investing in cryptocurrencies and blockchain

    Colombian Users Sue Binance For Blocking Their Funds

    Colombian Users Sue Binance For Blocking Their Funds

    Mar 19, 2022 01:10 Felix Mollen

    A Group of users have reported to have their accounts blockced by Binance for about five months. Now, they are

    Binance Stops Opening New Accounts for Ontario Users (Report)

    Binance Stops Opening New Accounts for Ontario Users (Report)

    Mar 18, 2022 13:39 Dimitar Dzhondzhorov

    Binance reportedly restricted Ontario users from opening new accounts.

    Binance Awarded Limited Crypto Asset License in Dubai

    Binance Awarded Limited Crypto Asset License in Dubai

    Mar 17, 2022 10:52 Martin Young

    The Middle East is becoming a hotbed of crypto activity and the world’s leading exchange is targeting the region to

    Binance Strengthens Foothold in Middle East With Bahrain’s Crypto Asset Service License

    Binance Strengthens Foothold in Middle East With Bahrain’s Crypto Asset Service License

    Mar 15, 2022 11:48 Chayanika Deka

    Central Bank of Bahrain (CBB) has granted Binance a crypto-asset service provider license.

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