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Several factors explain why Binance.US launched a separate platform. Changes in regulations and Binance’s own rules reaction to external changes stand out as a large driver.
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Bitcoin nears $70,000, while ether eyes $5,000 as the rally extends into a fourth day, aided by a weaker dollar and upbeat investor sentiment
These numbers are far greater than Binance.US. U.S. regulations limit the number and types of cryptocurrency that a U.S.-based company can sell to U.S. customers. As a direct result of these rules, Binance.US only offers about 53 cryptocurrencies for exchange to U.S. residents. This number is much lower than Binance’s international exchange but is on par with other U.S.-based exchanges.
“Altcoin” refers to any blockchain-based cryptocurrency that isn’t Bitcoin. The term “altcoin” was coined as a shorthand for “alternative to Bitcoin,” and the vast majority of altcoins were created to improve Bitcoin somehow. Namecoin, Peercoin, Litecoin (LTC), Ethereum and USD Coin (USDC) are examples of altcoins.
Keep your crypto safe and access your funds seamlessly with the Binance.US multi-crypto wallet. USD deposits are protected by FDIC insurance.
Ethereum Classic is a cryptocurrency that has legitimate functions. With decentralised applications on the Ethereum Classic network, one can use bridges to move cryptos to other chains, spend cryptos in real-world instances and authenticate transactions with ease and efficiency.
The U.S. firm shares a name with Binance Holdings Ltd., the world’s biggest crypto exchange -- and Changpeng Zhao, the CEO of Binance Holdings, is chairman of the board at Binance.US. Binance Holdings faces a U.S. Justice Department investigation into whether its platform has facilitated money laundering and tax evasion. Numerous countries have also announced probes and demanded that Binance curtail or amend operations within their borders.
Telos is hedging against a possible ‘prolonged bear market’ with fresh investment from its first-ever marquee investors
Holders earn passive rewards through static reflection as they watch their balance of SafeMoon grow indefinitely.
Brooks will replace Bitfury’s founder, Valery Vavilov, as the company’s “Chief Vision Officer” and will be responsible for developing new projects.
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We reached out to Binance.US for more information about its security measures and received no response. We’ll update the review if Binance.US gets back to us.
People can also borrow crypto assets on various platforms and earn interest for loaning out assets. This niche of the cryptocurrency space is what is known as decentralized finance, or DeFi. Based on the DLT, various platforms facilitate the lending and borrowing of crypto without requiring the user to submit to the control of a centralized entity. DeFi also includes other aspects as well such as decentralized exchanges, or DEXs.