![]() Binance dominates crypto trading, last year processing trades worth about $65bn a day with up to 70 percent of the market. Market players said the SEC’s allegations could hobble Binance, with the lawsuit likely to reverberate through the crypto industry. ![]() Zhao called those charges “disappointing” and an “incomplete recitation of facts”.īinance is also under investigation by the US Department of Justice for suspected money laundering and sanctions violations, according to people familiar with the probe. The move is the latest in a series of legal woes for Binance, which was also sued by the US Commodity Futures Trading Commission in March for operating what the regulator alleged were an “illegal” exchange and a “sham” compliance programme. Binance’s own cryptocurrency BNB, the world’s fourth-largest by market size, dropped more than 5 percent. “Any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong,” the blog post said.īinance.US, which is ultimately controlled by Zhao, said in a tweet that the lawsuit was “unjustified by the facts, by the law, or by the Commission’s own precedent.”īitcoin, the world’s biggest cryptocurrency, fell as much as 6 percent on the news to its lowest in almost three months. ![]() In a blog post, Binance said: “We intend to defend our platform vigorously,” adding that “because Binance is not a US exchange, the SEC’s actions are limited in reach.” “We allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,” said SEC Chair Gary Gensler said in a statement. Now, they’re on trial list 4 of 4 AI-generated content should be labelled, EU commissioner says end of listīinance created separate US entities “as part of an elaborate scheme to evade US federal securities laws”, the SEC also alleged.įrom almost three years ago until June 2022, a trading firm owned and controlled by Zhao, Sigma Chain, engaged in so-called wash trading that artificially inflated the trading volume of crypto asset securities on the Binance.US platform, the SEC also alleged. From there, you can easily trade your purchased crypto on the wide variety of products and services available on the Binance Platform.Keep reading list of 4 items list 1 of 4 Sanctions on Russia may not be working, we now know why list 2 of 4 Greek NGO leads ‘crazy’ bid to rid Mediterranean of plastic waste list 3 of 4 They reported on Mahsa Amini’s death. Once the purchase is completed with Binance, your newly acquired crypto will be deposited directly into your Binance account, a safe and straightforward method to manage your crypto assets. As of now, Ethereum is trading at $1623.19, experiencing a -1.24% change in price over the last 24 hours. With its recent transitions and updates, Ethereum aims to increase blockchain security, reduce energy consumption, lower barriers to entry by reducing hardware requirements, and lay the foundation for scalability improvements. Ethereum is a decentralized computing platform capable of running various applications, including a vast array of decentralised finance (DeFi) apps and services. As the largest cryptocurrency, BTC trends often have an impact on the entire crypto market, making it essential for investors to stay up-to-date with the latest news and price movements.Įthereum (ETH), the second-largest cryptocurrency by market cap, is also one of the most commonly used computing platforms. BTC has seen a change of -0.44% in its price over the last 24 hours. We accept a diverse range of currencies, making it effortless for users to purchase crypto using fiat currencies such as USD, EUR, CNY, AUD, INR, RUB, and others.Ĭheck out the latest conversion rates of popular cryptocurrencies such as Bitcoin, Ethereum, Cardano, Solana, and Dogecoin, as well as common trading pairs such as BTC/USD to get a real-time market overview.īitcoin (BTC), the world's largest cryptocurrency, is currently trading at $27551.16, with a market cap of $537,675,993,901.342 and a circulating supply of 19,505,137. Our team works exclusively with verified and trusted partners to ensure a secure and seamless experience for users to buy crypto on our platform. Binance offers a variety of payment methods for users to purchase cryptocurrencies, including bank transfers, credit and debit cards, peer to peer trade, etc.
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