Binance.US Raises First Funding Round at $4.5B Valuation
The $200 million fundraise will be used to ramp up marketing ahead of a public listing in “the next two to three years,” a spokesperson said. Original Source
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Binance.US Hires Former Société Générale and Gemini Exec as Chief Compliance Officer
Tammy Weinrib will have a focus on know-your-customer (KYC) and anti-money laundering (AML) programs. Source
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Binance.US Faces SEC Probe Over Trading Affiliates: Report
"Market-making activities are standard in both traditional finance and crypto, such as Citadel Securities or those on FTX performed by Alamada Research, a business owned by FTX’s founder Sam Bankman-Fried. They ensure liquidity and directly support a healthy, vibrant, and efficient marketplace to the benefit of end-users," a Binance spokesperson
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Binance.US is under investigation from SEC over trading affiliates: Report
The U.S. Securities and Exchange Commission (SEC) has reportedly launched a probe into major crypto exchange Binance's U.S. arm regarding trading firms connected to Binance CEO Changpeng Zhao.According to a Tuesday report from the Wall Street Journal, the SEC is looking into the relationship between Binance.US and trading firms Sigma
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Binance.US Is Building an Office in the Solana Metaverse
Crypto exchange Binance.US is building a space in Portals, a metaverse platform built on the Solana blockchain. Portals recreates a dense urban environment where users can explore buildings and interactive rooms.“Binance.US is getting a space in Portals Downtown with a focus on delivering the latest news, charts, and events virtually,”
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Binance.US Hires Intel’s Compliance Chief Majalya
Schroder’s bringing on of Majalya, the Binance.US CEO’s first executive in the “risk” division, telegraphs the exchange means business on the compliance front. That could be pivotal as U.S. lawmakers continue to apply pressure to the nascent crypto industry, which some have argued is under-regulated. Original Source
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Binance.US aims for a ‘mega funding,’ reveals CZ
Binance CEO Changpeng Zhao revealed that the United States branch of worldwide crypto exchange, Binance.US, is expected to complete a funding round to raise a "couple hundred million."Speaking at the Bloomberg New Economy Forum, CZ claimed that he was unaware of the precise amount. However, the official confirmation of the financing
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Binance.US Top Lawyer Steps Down: Report
The top lawyer for the U.S. arm of exchange giant Binance has departed after just seven months in the position.Christopher Robins, who held the title of general counsel, will be assuming a part-time role at the company, according to a Business Insider story, which cited a Binance spokesperson.Robbins’ departure comes
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Bitcoin Price Flash Crash on Binance.US Attributed to Trader Algorithm Bug
Bitcoin’s price briefly crashed 87% and then recovered within the span of a single minute early Thursday on Binance.US, in a fleeting but very real flash crash that the cryptocurrency exchange attributed to a “bug” in an institutional customer’s trading algorithm.At 11:34 UTC (7:34 a.m. ET), the price fell from
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Bitcoin price flash crashes by 87% to $8K on Binance.US
Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance.US.On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%.“Shouldn’t be happening”In what traders call a “scam
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