Tag: Binance

November 24, 2022 BY Steffy Bogdanova

Binance US to renew bid to acquire Voyager

Binance’s initial bid for acquisition was rejected and rumors surfaced that the reason for the rejection was alleged concerns of national security threats to the US government. In his interview with Bloomberg, CZ denied the rumors and said that FTX might have spread them. He stated: There was never any concerns about us participating in…

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November 10, 2022 BY Steffy Bogdanova

Binance pulls out of FTX acquisition

Earlier this year, FTX was valued by private investors at $32 billion. The proposed acquisition came after a massive liquidity crisis hit FTX which was a result of concerns with withdrawal issues and Binance’s decision to liquidate its entire holdings of FTX's exchange token FTT. Binance CEO Changpeng Zhao told his employees in as memo…

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November 09, 2022 BY Steffy Bogdanova

Binance agrees to buy FTX's non-US unit in bailout

FTX CEO Sam Bankman-Fried had this to say on twitter: Things have come full circle, and http://FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for http://FTX.com (pending DD etc.). Bankman-Fried highlighted that the important thing in the situation is that “customers are protected.”…

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October 21, 2022 BY Steffy Bogdanova

Binance secures crypto license in Cyprus

Under the new CASP license, Binance can offer crypto services such as pot, custodian, staking, and card services. The CySEC authorisation follows similar registrations in Europe for Binance including in France, Italy and Spain. The crypto exchange also expanded its presence in the Middle East with registrations in Abu Dhabi, Dubai, and Kazakhstan. Changpeng Zhao…

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September 30, 2022 BY Steffy Bogdanova

Binance announces launch in New Zealand

Binance’s CEO Changpeng Zhao said: New Zealand is an exciting market with a strong history of fintech innovation and our team of Binancians in New Zealand are working hard to bring the freedom of crypto to Kiwi. The exchange also revealed that General Manager Ben Rose will take the helm of Binance New Zealand. Rose…

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September 20, 2022 BY Steffy Bogdanova

Binance obtains MVP license from Dubai’s VARA

Helal Saeed Almarri, Chairman of VARA said: The VARA regime aims to strike an effective balance between value creation and risk mitigation, enabling open market innovation while assuring protection for the economically vulnerable. The MVP Phase, is designed for select global players across the value chain, that are committed to responsible industry participation and VARA…

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Binance secures in-principle approval in Kazakhstan
August 15, 2022 BY Steffy Bogdanova

AFSA grants Binance in-principle approval to operate in Kazakhstan

Gleb Kostarev, Regional Head of Asia at Binance, said: This is a landmark achievement for Binance in Kazakhstan. We are grateful to the Astana International Financial Centre for their support and vision in granting Binance Kazakhstan this in-principle license approval. The independent regulator AFSA regulates activities relating to digital assets in Kazakhstan and the wider…

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July 24, 2022 BY Steffy Bogdanova

Binance to offer crypto CFDs in Australia

Leigh Travers, Director of Binance Australia Derivatives said: Launching crypto derivatives under an AFSL delivers on our core strategy of becoming a regulated institution in Australia. The Binance Australia Derivatives products will enable wholesale customers the opportunity to hedge their crypto portfolio as well as grow the total size of Australian crypto markets. Changpeng Zhao,…

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