Exchanges
Binance reportedly didn’t follow procedures for BUSD reserves in 2020, 2021
Currently, Binance's pegged BUSD is fully backed by the US dollar, and Paxos's BUSD is unaffected, according to a Binance spokesperson.
Soumen Datta 2 min read
Binance News
Follow Binance news, including exchange updates, listings, legal developments, product launches, and market impact across global crypto trading.
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Staking
Binance changed stakes to liquidate over $75M in SHIB
The exchange unstaked over $100 million worth of SHIB and re-staked $30 million worth of tokens.
Exchanges
Binance annual revenue grew 10x over the past 2 years, while OKX’s grew 4x
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
Latest Binance News & Analysis
Exchanges
Binance sees $12B withdrawn in 60 days
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual.
Exchanges
US prosecutors subpoenaed hedge funds for records of Binance dealings
The subpoenas were issued as part of an on-going investigation into potential violations of US anti-money laundering laws by Binance.
Exchanges
Gopax investors could face $471M loss if Binance acquisition fails
Binance is in the process of acquiring Gopax, however, the South Korean exchange has about $471 million of customers' fund locked in Genesis.
Bankruptcy
SEC files limited objection to Voyager-Binance.US deal
The regulator has filed a limited objection to the sale of auctioned assets.
Exchanges
India’s crypto tax could cause CEXs to lose $1.2T trading volume by 2026
In the 9 months following India's 30% crypto tax levy, exchanges cumulatively lost $3.85 billion in trading volume to foreign counterparts.
Stablecoins
BUSD worth $6.2B withdrawn from exchanges in 30 days
Currently, $13.2 billion is sitting on exchanges, with the majority on Binance.
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Crypto
DCG on tight deadline, new Binance acquisition, Silvergate lawsuit, Solana pumps – CryptoSlate Wrapped Daily
Exchanges
Binance reportedly finalizing acquisition Korean crypto exchange Gopax
Analysis
2022 second-worst year ever for Bitcoin price – Arcane
Analysis