TUSD Loses $1 Peg Amid Binance’s FDUSD Focus: Analyst
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
The crypto exchange is a joint venture between Binance and Thailand’s Gulf Innova.
The largest cryptocurrency trading venue added 40 million accounts to 170 million.
Binance uses a third-party service called Kodex to validate law enforcement requests.
Binance responded to an SEC filing, arguing that the regulator’s arguments weren’t applicable to the actual conduct it was analyzing.
Customers are free to withdraw or transfer funds and continue trading via Binance Russia’s new owner CommEX, the company said Monday.
The exchange’s monthly spot volume fell to $114 billion in September from nearly $500 billion in January amidst a regulatory crackdown in the U.S.
Richard Teng, who just took over from founder Changpeng “CZ” Zhao amid a $4.3 billion kanunî settlement, didn’t give specific answers to simple questions asked by the moderator when asked where the exchange is headquartered or who the exchange’s auditor is.
Johnson clarified that the agency sued the crypto exchange because it “simply failed to comply with regulation,” and didn’t accuse it of misconduct.
The suit alleges that Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.”