Cloud of uncertainty continues to hang over binance
that Binance's finances are even more"opaque” than those of FTX, Reuters reports. Furthermore, he stated that there is no transparency coming from the exchange.
According to Reuters' analysis of the crypto behemoth's corporate filings, very little is known about Binance.com, the main cryptocurrency exchange. Information such as cash reserves, profits and revenue are not disclosed by Binance. It is also unknown where the crypto exchange, which has processed an estimated $22 trillion worth of crypto this year, is actually based.
Binance fails to disclose information about the role of its native token on the balance sheet or its exposure to risk when allowing customers to margin trade with borrowed funds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman taps former BoE official Bradley Fried as next International chair- Sky NewsGoldman Sachs Inc has tapped Bradley Fried, former Chair of the Court of the Bank of England, as chairman of Goldman Sachs International (GSI), Sky News reported on Saturday.
Read more »
Binance Coin (BNB) Price Analysis for December 17Can BNB rise to $250 next week? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch
Read more »
Mad Money's Jim Cramer: I Trust My Money More in Draftkings Than I Would Binance – Exchanges Bitcoin NewsJim Cramer has cast doubt on the trustworthiness of Binance. 'I would trust my money more in Draftkings than I would Binance.'
Read more »
Binance to Help Azerbaijan With Crypto Regulations – Exchanges Bitcoin NewsCryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets.
Read more »
BNB Becomes Most Active Blockchain in Last 24 Hours Despite Binance FUDWhile $BNB dominates the network activity top, some assets like $ADA were not included, which raises questions among users
Read more »