empty
 
 
Stai per lasciare
www.instaforex.eu >
il sito gestito da
INSTANT TRADING EU LTD
Apri un conto

02.09.202110:14 Forex Analysis & Reviews: Binance faces scrutiny from financial regulators

Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

Exchange Rates 02.09.2021 analysis

Binance is facing scrutiny from financial regulators worldwide. Some of them are prohibiting the exchange from providing certain services, others point at the lack of a license for conducting certain operations.

Binance is the world's largest exchange platform. In July, its trading volume reached $455 million, which is almost three times less than in the previous month. Despite that, Binance is still considered number 1 exchange in the world, according to CryptoCompare.

The exchange is a leader in terms of derivative cryptocurrency trading. The volume of its derivative cryptocurrencies exceeded $1.4 trillion in July, which is 55% of the total market.

Binance, headed by Changpeng Zhao, the Chinese-Canadian commonly known as "CZ", offers users around the world a wide range of services, from cryptocurrency and derivatives spot trading to loans and exchange tokens.

Binance Coin, is the world's third-largest coin with a $68 billion turnover.

Binance has an untransparent corporate structure. Its holding company is registered in the Cayman Islands, according to British court documents and the Securities Commission of Malaysia.

The exchange currently lists over 1,000 job openings on LinkedIn in the UK, the Netherlands, Hong Kong, Singapore, Taiwan, etc.

In the previous week, De Nederlandsche Bank accused Binance of money laundering. It has also been reported that the exchange is under investigation by the Justice Department and Internal Revenue Service.

It is unclear how hard the regulators have hit Binance. Nevertheless, the exchange has made several steps under pressure from regulators. In the previous month, Binance CEO Zhao said he wanted to improve relations with regulators by seeking regulatory approval and creating the regional headquarters.

Binance also scaled back some of its range of crypto products that regulators may oversee. To make sure that all their products are fully compliant, Binance has been limiting their futures, derivatives products in most of Europe, with users in Germany, Italy, and the Netherlands among those first affected. It has also restricted the trading of derivatives for Hong Kong users. In July, Binance also stopped selling digital tokens linked to shares after regulators tightened control. Binance also would stop offering crypto margin trading involving the Australian dollar, the euro, and the pound sterling. Last week, the firm appointed a former US Treasury Criminal Investigator to serve as its International Money Laundering Reporting Officer.

Eseguito da Irina Yanina
Esperto analista di InstaForex
© 2007-2024

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.




Stai per lasciare www.instaforex.eu, il sito Web gestito da INSTANT TRADING EU LTD
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.

Turn "Do Not Track" off