Tagged: binance us

Binance $4.3 Billion Penalty Approved by Judge

Binance, the largest crypto exchange in the world, must pay $4.3 billion in penalties in a settlement previously announced. According to multiple reports, the judge handling the case approved the guilty plea and the penalty.  The settlement was revealed last November and included the exit… Read More

Binance.US Suspends US Dollar Withdrawals Amidst Uncertain Regulatory Environment for Crypto Industry

The US division of crypto exchange Binance has reportedly suspended withdrawals of dollars by its customers from the digital asset platform (as per the firm’s updated terms shared on Monday). In June of this year, Binance.US decided to halt US dollar deposits, following the US… Read More

Binance.US Legal and Risk Execs Are Resigning – Report

Certain executives working at the US division of Binance are reportedly leaving at a time when the crypto firm is struggling with heightened regulatory scrutiny, the WSJ reported this past Thursday, citing sources familiar with the issue. Krishna Juvvadi, head of legal, and Sidney Majalya,… Read More

Binance.US Files Motion for Protective Order in SEC Action: “A Fishing Expedition”

BAM Trading Services Inc. and BAM Management US Holdings Inc. have filed a motion for a protective order in the ongoing legal battle with the Securities and Exchange Commission (SEC). BAM is the corporate name for Binance.US. This past June, the SEC filed charges against… Read More

SEC Approved by Court for Emergency Relief on Assets Held by Binance

The Securities and Exchange Commission (SEC) has received court approval for emergency relief regarding assets held by Binance for US customers. The SEC states that all defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng… Read More

Binance.US Suspends US Dollar Deposits, Following Unprecedented Crackdown by US Regulatory Authorities

Binance.US revealed on Thursday (June 8, 2023) that it will be suspending US dollar deposits and that its banking partners are getting ready to suspend fiat US dollar withdrawal options as early as June 13, 2023. This update has come a few days after US… Read More

Dear Voyager, We Changed Our Minds. Love Binance.us

Bankrupt digital asset platform Voyager Digital has received a Dear John, or perhaps a Dear Voyager letter from Binance.US. In a series of Tweets, Voyager revealed that Binance.US has announced a separation from its previously announced agreement. Last January, bankruptcy courts approved the sale of… Read More

Binance.US to Delist Justin Sun’s Tron (TRX), and Spell Crypto Tokens

The US=based division of crypto exchange Binance recently revealed that it will be removing support for digital tokens TRON (TRX) and Spell from its virtual currency trading platform. This update has now sent the market prices of both these assets down considerably today. Binance.US‘ management… Read More

Binance.US Struggles to Find a Bank Following Collapse of Silvergate, SVB: Report

Binance.US is having a hard time parking cash in a bank following the collapse of Silvergate Bank and Silicon Valley Bank (SVB). According to a report by WSJ.com, Binance.US is working with a “middleman” to manage cash for dollar deposits – said to be Prime… Read More

Binance Anticipates Paying Fines to Resolve Regulatory Issues in US: Report

Binance, the world’s largest digital currency exchange, is reportedly expecting to pay monetary penalties in order to settle US regulatory and law-enforcement investigations of its operations. This, according to the company’s CSO (as reported by the WSJ). Over the past five years, Binance has managed… Read More

Binance.US Awarded ISO, IEC Accreditation for Adequate Security Measures

At Binance.US, they claim to focus “fiercely” on protecting the integrity and confidentiality of their customers’ information. To this end, Binance.US are pleased to share that their platform’s security measures and countermeasures that protect their customers were recognized as “best-in-class” by the International Standards Organization… Read More

Binance.US Approved to Acquire Voyager Digital

The sale of Voyager Digital has received preliminary approval by the courts thus clearing the way for Binance.US to acquire the assets of the bankrupt firm. Revealed last month, Binance.US announced the agreement for it to acquire Voyagers assets for approximately $1 billion. Binance.US’ bid… Read More

Voyager Digital to Sell to Binance US

Voyager Digital, a crypto firm working its way through bankruptcy, is selling its assets to Binance US – the US facing subsidiary of global crypto exchange Binance. Voyager fell prey to the various crypto failures as it found itself on the wrong end of a… Read More

Binance.US Expands Zero Fee Trading to Ethereum (ETH) via New Fee Schedule

Binance.US, the U.S. partner to one of the world’s largest crypto exchange and America’s home to buy, sell, trade, convert and stake digital assets, announced that it “has expanded its zero fee pricing model to now include Ethereum (ETH), effective immediately.” All new and existing… Read More

Ex- FBI Agent, BJ Kang, Joins Binance.US as Head of Investigations

Binance.US, the U.S. partner to the largest crypto exchange and “America’s home” to buy, sell, trade, convert and stake digital assets, announced the appointment of former Federal Bureau of Investigation agent, BJ Kang, “as the company’s first Head of Investigations.” In this role, BJ will… Read More

Binance.US to Delist AMP Token, After SEC Says It’s a Security

Binance.US supports “responsible” regulation of digital assets by state and federal officials and is “committed to transparency and consumer education,” explains the world’s largest crypto exchange. The statement arrived as the entire industry reviewed claims by the SEC that Coinbase (NASDAQ:COIN) had listed digital asset… Read More

Binance.US Appoints Jasmine Lee as Chief Financial Officer

Binance.US, the U.S. partner to the world’s largest crypto exchange and “America’s home” to buy, sell, trade, convert and stake digital assets, recently announced the appointment of Jasmine Lee, a seasoned financial services and technology executive, as Chief Financial Officer. In this role, Jasmine will… Read More

Going to Zero: Binance.US Now Charges No Fees on Bitcoin Trading for New and Existing Users

Binance.US, the US-facing version of Binance, the world’s largest crypto exchange, has announced it has cut trading fees on Bitcoin to zero.  The promotional move should help to drive new users to the crypto marketplace in a industry that tends to charge relatively high fees… Read More

Anchorage Announces Custody Exchange Integrated with Binance.US and Plans for More

Anchorage, a federally chartered digital asset bank, has revealed an “industry-first” of having their custody exchange integrated with Binance.US. Anchorage said that 4 other platforms have committed to the service as well including CoinList, Blockchain.com, Wintermute, and Strix Leviathan. In a blog post, Anchorage explained… Read More

Binance.US Raises $200 Million at $4.5 Billion Valuation

Binance.US, the USA-facing crypto marketplace owned by Binance Global, has raised a $200 million “seed round” at a valuation of $4.5 billion, according to a company statement. Binance.US said that investors included RRE Ventures, Foundation Capital, Original Capital, VanEck, Gaingels, Gold House, and Circle Ventures,… Read More