Plus, a short seller’s $1m ‘bounty’ on Tether, more outflows from unloved UK stocks and Tom Stoppard’s Leopoldstadt
For users of Binance.US, while liquidity is not a major issue, Binance does support more liquidity, enabling faster transactions and trades, something which is important for the world’s biggest cryptocurrency exchange. Still, the U.S. platform is still to catch up when it comes to providing users with the same amount of liquidity and ease when trading.
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While no official announcement by either of the companies in question has been made in regards to a partnership, social media is full of users waiting for the statement.
“Bitcoin appears to be pushing out of a bullish flag pattern, and Ether is likely to confirm a long-term breakout on a close above resistance this Friday,” said Katie Stockton, founder and managing partner of Fairlead Strategies, in a note.
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While the biggest cryptocurrency trades strong, its market dominance has been dipping as investors shift to altcoins, said CoinDCX Research Team.
Bhambhwani, S., S. Delikouras, and G. M. Korniotis (2019). “Do fundamentals drive cryptocurrency prices?”, Working paper .
NFTs "could be as big or bigger" than cryptocurrency trading on the platform, said Coinbase CEO Brian Armstrong.
SafeMoon Protocol is a decentralized finance (DeFi) token. The protocol launched in March 2021 and has already more than 1 million users. SafeMoon stands for "Safely to the Moon", a phrase that was adopted by Redditors about DogeCoin which refers to the price going upwards "as high as the Moon". SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn. SafeMoon plans to develop a non-fungible token NFT exchange, as well as charity projects and crypto educational apps.
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One of the clearest distinctions between the main Binance platform and Binance.US is the number of cryptocurrencies (and fiat currencies) with which you can trade. As of early 2021, the number of cryptocurrencies on Binance.US stood at just 53, while the original version of the platform supports over 200 different coins.
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