Reviews of Binance.US are, on average, worse than those of Binance, a small consolation for those who live outside the U.S. Despite this, many of the issues pointed to regarding support for American customers relate to issues that stemmed from the company’s rushed set up of the newer website.
Mr Rocket also cited some concerns over whether there is a "strong liquidity pool" or not.
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Danial says there have been plenty of huge spikes followed by pullbacks in Bitcoin’s price since 2011. “What I expect from Bitcoin is volatility short-term and growth long-term.”
Although CZ is the leader of Binance, he is not in charge of running Binance.US. In fact, in April 2021, Binance.US announced that it hired Brian Brook as its CEO. Brian Brooks is a former Coinbase executive who also served as Donald Trump’s Acting Comptroller of the Currency.
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However, as the BBC reported, it was criticised for not allowing people to resell their tokens.
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Clear regulation would mean the removal of a “significant roadblock for cryptocurrency,” says Wang, since U.S. firms and investors are operating without clear guidelines at the moment.
Should the Metaverse ever come into existence, blockchain technology and decentralization must be at the core of this innovation. University of Cambridge to launch decentralized carbon credit marketplace on the Tezos blockchain
This saw Bitcoin prices tumble to below $30,000 in a dramatic plummet from its soaring success.
Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market. View all posts by Connor Brooke It’s an Italian Thing Employer Insurance Premium Growth – Still a Problem Does Japan’s Democracy Have Room for Women and Children? Move Over Oil, It’s LNG Thursday Headlines: OPEC, Deutsche Bank and Many Fed Speakers Remember September (for Jobs Data)
Recently, such platforms have come under increased scrutiny by lawmakers and regulators. Binance in particular is reportedly under review by regulators in the U.S., Britain, Germany, Japan, Hong Kong and elsewhere.
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