Many lesser-used cryptocurrencies can only be exchanged through private, peer-to-peer transfers, meaning they’re not very liquid and are hard to value relative to other currencies — both crypto- and fiat.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
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The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin.
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“We are with venture capital [a stock market] list. The venture capital market is currently in very good shape, so we’ll probably follow that route, but we’re looking at both, “says Brooks.
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Billionaire Elon Musk has also already gotten involved with DogeZilla by posting a tweet.
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Anyway, SafeMoon has been under the eyes of skepticism. Professionals say that it is an unpredictable business to put money into SafeMoon as it isn’t directed by using any particular means. It has been compared with a Ponzi Scheme as most liquidity is claimed by the group. SafeMoon has excused these cynics and has declared its precise path for the coming years. The group intends to coordinate SafeMoon with African Markets, investigate different trades like Binance, and even begin its own trade.
Shroder will oversee the company’s strategy and execution, fundraising, business and corporate development as well as manage the firm's Legal, HR, and product and technology functions, says Binance.US. Brooks quit a month ago, citing "differences over strategic direction" at the cryptocurrency exchange, which has been dogged by regulatory issues around the world, with watchdogs in the UK, Japan, Hong Kong, Germany and Thailand among those to take action over AML and consumer protection concerns. In a statement, Shroder stresses that Binance.US has established itself as "regulatory compliant" as well as profitable, serving millions of customers. During nearly three years at Ant Group, Shroder focused on growing and expanding the company’s operations and global partnerships. Prior to Ant, he was head of strategy and business development for Uber in their Asia Pacific region. Shroder's brother Matt joined Binance in February 2020 as VP, global expansion operations. Lead Channel Write a blog post about this story (membership required) Binance legal action sees thousands of claimants join ‘landmark’ proceedings 08 Nov 0 3 2 BNY Mellon launches ISO 20022 Hub 09 Nov 0 10 9 Revolut wants to build its own crypto exchange 04 Nov 0 9 9 Standard Chartered taps Starling BaaS platform for green savings product 08 Nov 2 2 4 /people Binance hires new Singapore CEO amid ongoing legal battles 23 August 2021 0 6 4 /crypto Liti Capital to finance ‘landmark’ case against Binance 19 August 2021 0 2 1
The majority of the crypto currency market saw prices crash once more on the morning of 22 June following China’s clampdown on digital currencies.
Shroder said in a statement he is looking “forward to sharing our exciting story with the broader investment community as we begin our journey toward IPO.”
Speculators in the crypto community continue to describe Brooks move as a stepdown, however, in terms of company size and brand awareness in the crypto space considering his office as CEO of Binance US previously.
Funding rates increased significantly in the hours after BTC/USD passed its recent all-time high and went on to hit $67,100. Bitcoin and Ethereum appear to have lost strength after Thursday's flash crash on Binance U.S.
A petition to 'Get Safemoon Listed On Coinbase' has currently gained 4,646 signatures.
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