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Binance
Binance Executive Controlled Bank Accounts Belonging to U.S. Wing in 2019-20: Reuters
Binance.US had claimed to be independent from Binance at the time.
Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange
Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”
Binance Market Share Sinks to Lowest Level in Eight Months
Binance’s market share has dropped to its lowest level in eight months, according to CCData. The exchange remains the largest cryptocurrency platform by trading volume, but it has seen its market share decline consecutively over the past three months after reaching a yearly high of 57% in February 2023. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Binance Market Share Drops to Lowest Level Since October
The exchange remains the largest cryptocurrency exchange by trading volume.
Binance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On
Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month.
MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve; Nike Teams Up With EA Sports
CoinDesk's Jennifer Sanasie presents the major stories shaping the crypto industry on "CoinDesk Daily" as MakerDAO’s community voted to ditch $500 million Paxos Dollar (USDP) stablecoin from the lending protocol's reserves. Plus, insights on Kraken's gains in customer deposits in Canada following the departure announcements of its rival exchanges including Binance and OKX. And, a closer look at the partnership between Nike Virtual Studios and video game developer EA Sports.
Kraken’s Canada Customer Deposits Rose After Binance, OKX Plan to Leave
Cryptocurrency exchange Kraken is reaping the benefits of staying in Canada after rivals such as Binance and OKX said they plan to withdraw. Kraken’s customer deposits in the country grew by 25% in the weeks following Binance’s announced departure in early May, according to data sent to CoinDesk from a Kraken representative. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Nansen Cuts 30% of Staff To Reduce Expenses; Binance Says it Needs to 'Focus on Talent Density'
Nansen, a blockchain data analytics platform, announced a 30% reduction in headcount on Tuesday as it looks to cut costs alongside a continuing slump in cryptocurrency markets. Meanwhile, crypto exchange Binance said it needs to "focus on talent density across its organization" as it responded Wednesday morning to a report of job cuts. "The Hash" panel discusses what to make of the continued crypto layoffs in the latest fallout of the ongoing bear market.
Binance Says 'Reevaluating' Roles After Report of Layoffs
A report by independent journalist Colin Wu suggested sizable layoffs at the crypto exchange have already begun.
Bitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country
The crypto exchange halted Australian dollar bank transfers early May.