Binance to Suspend USD Bank Transfers from Wednesday
Crypto exchange giant, Binance is suspending US dollar deposits and withdrawals using bank transfers on its global platform from Wednesday. However, the service limitations will not affect the customers of Binance US, its US-based arm. https://t.co/gM6e3xb9BX customers can continue to safely and securely withdraw and deposit USD on our platform. Learn how to deposit USD: […]
Binance Stored Users’ Fund with B-Tokens Collateral by ‘Mistake’: Report
Binance, the world’s biggest cryptocurrency exchange by trading volume, admitted to storing by “mistake” customers’ funds and the collateral of some of the tokens it issues. According to Bloomberg, Binance issues 94 Binance-peg tokens, also called ‘B-Tokens’. However, almost half of the reserves of these tokens are kept together with customers’ funds in a cold […]
Binance Introduces Off-Exchange Settlement to Institutional Investors
Binance Custody, the institutional digital asset custody arm of leading cryptocurrency exchange, Binance, officially launched Binance Mirror, its off-exchange crypto settlement solution, on Monday. The new service provides Binance’s institutional investors with access to the crypto exchange’s trading and investment products while their collaterals are kept in the company’s cold storage. Binance Custody also noted […]