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Binance's Market Share Among Crypto Exchanges Slides As OKX, ByBit Chip Away At Its Dominance
Wednesday, January 17, 2024 - 4:17pm | 570The once-uncontested supremacy of Binance (CRYPTO: BNB) in the cryptocurrency exchange market may be waning, with its market share decreasing from 54.2% at the start of the year to 48.7% by the end of 2023. Why Cryptocurrency Market Is Recovering This dip in dominance is coming against...
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Binance.US Revenue Reportedly Drops 70% In 2023 Amid Legal Battles
Wednesday, September 27, 2023 - 2:40am | 602Binance US, the United States offshoot of the international cryptocurrency exchange, is facing a precipitous 70% drop in revenue this year. This downturn comes in the wake of several legal battles and internal issues plaguing the company. What Happened: A Wall Street Journal report on Monday...
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Binance And SEC Reach Crucial Agreement — What It Means For Binance.US Customers
Saturday, June 17, 2023 - 11:22am | 569Binance and Binance.US, along with the Securities and Exchange Commission (SEC), have come to a preliminary agreement to ensure that only employees of Binance.US can have access to customer funds in the near future. The tentative agreement is awaiting approval from the federal judge...
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Binance US Launches Ethereum (ETH) Staking With 6% APY Ahead Of Merge
Wednesday, September 7, 2022 - 8:43pm | 421Binance US, a U.S.-based subsidiary of the world’s largest cryptocurrency exchange, is now offering Ethereum (CRYPTO: ETH) staking with an annual percentage yield (APY) of 6%. What Happened: In an announcement on Wednesday, Binance US said users would be able to stake ETH...
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$102M Ethereum (ETH) Moved From Binance US To Unknown Wallet
Friday, September 2, 2022 - 1:21am | 430An Ethereum (CRYPTO: ETH) wallet moved 64,000 ETH worth $102 million in a single transaction earlier this week. What Happened: The high-value transaction was picked up by blockchain wallet tracker Whale Alert on Wednesday. 64,000 #ETH (102,134,766 USD) transferred from...
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Binance US On Track To Go Public, Expects To Close Pre-IPO Funding Round Next Month
Monday, March 28, 2022 - 11:12pm | 521Binance US reportedly plans to go public within the next few years. What Happened: Speaking at Blockchain Week on Monday, Binance US CEO Brian Shroder said that the cryptocurrency exchange was on track for an initial public offering (IPO) in two to three years, as...