Cryptocurrency exchange Binance has removed spot trading pairs involving Tether’s USDT and other non-compliant tokens in the European Economic Area (EEA), in a move to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The decision follows an earlier announcement from Binance outlining plans to delist non-MiCA-compliant assets by March 31, 2025. While EEA...
Binance has announced the listing of two new futures contracts, GPSUSDT and SHELLUSDT, with up to 25x leverage. According to the official statement, trading for GPSUSDT will commence at 17:00 UTC, followed by SHELLUSDT at 17:15 UTC. Both digital assets had already been featured on Binance Alpha, a platform highlighting Web3 projects with significant potential....
The Paris Public Prosecutor’s Office has reportedly launched an investigation into cryptocurrency exchange Binance, scrutinizing its activities between 2019 and 2024 over allegations of money laundering and tax fraud. The probe is being conducted by the economic and financial crime division, with suspicions that some of the funds may be connected to drug trafficking. Additionally,...
Binance Expands Support for Memecoins Across Africa Leading cryptocurrency exchange Binance has broadened its offerings in the African region by introducing expanded support for three popular memecoins: Pepe (PEPE), Dogecoin (DOGE), and Shiba Inu (SHIB). This initiative aims to boost accessibility and trading activity for these tokens, potentially influencing their price performance as more participants...
Binance has recorded over $24 billion in user deposit inflows so far in 2024, surpassing all other cryptocurrency exchanges combined, according to data from DefiLlama. In a blog post on December 12, Binance attributed the significant growth to rising global adoption of digital assets, regulatory successes, record price milestones, and the launch of spot Bitcoin...
The Federal Government of Nigeria has dropped money laundering charges against Binance executive and American citizen Tigran Gambaryan, who had been jailed in the African nation for the past 264 days. The arrest and prolonged detention of Gambaryan had drawn widespread condemnation of Nigeria and significant international pressure from U.S. lawmakers ahead of the upcoming...
Binance is vigorously contesting a nearly $86 million tax penalty imposed by India’s Directorate General of Goods and Services Tax Intelligence (DGGI). The penalty relates to fees Binance allegedly collected from Indian traders between July 2017 and March 2024. A Binance spokesperson confirmed their cooperation with Indian authorities, stating, “We are currently reviewing the details...
Binance, a leading cryptocurrency exchange, has announced the delisting of trade pairs involving the stablecoin backed by the Indonesian Rupiah (BIDR). This change will impact trading pairs for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) across various services offered by the exchange. The exchange has outlined a detailed action plan with specific deadlines for the...
Binance has successfully acquired the comprehensive Virtual Asset Services Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant expansion of its operations within Dubai’s financial market. This milestone follows the Operational MVP license obtained in July 2023, which initially allowed Binance FZE to offer limited services to institutional and qualified investors...
CommEX, the cryptocurrency exchange that acquired Binance’s operations in Russia last year, has announced its decision to shut down its website by May 10. This announcement was made through a blog post on Monday, where the exchange outlined its phased closure process. Effective immediately, CommEX has stopped registering new users and has ceased asset transfers...
