Binance


Markets

First Mover Americas: Binance Hits Turbulence as Withdrawals Mount

The latest price moves in crypto markets in context for Dec. 14, 2022.

Binance is hitting a rough period as withdrawals from its trading platform surge. (Sotheby's/Wikimedia Commons)

Tech

Binance Founder ‘CZ’ Insists We Can Trust His Crypto Exchange – but Can We?

After the arrest of FTX founder Sam Bankman-Fried, some users fear that exchange behemoth Binance will be the next crypto domino to fall.

Founder and CEO of Binance crypto exchange Changpeng "CZ" Zhao in Italy, May 2022. (Antonio Masiello/Getty Images)

Finance

Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times

"While we expect the next several months to be bumpy, we will get past this challenging period," CZ said while assuring the organization is built to last.

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

Videos

Binance Says USDC Withdrawals 'Back Online' Amid Concerns About Proof of Reserves Report

Binance, the world’s largest crypto exchange by trading volume, endured a wave of withdrawals on Monday amid concerns about its proof of reserve report. "The Hash" hosts discuss the outlook for Binance.

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Markets

Binance's CZ Welcomes 'Stress Test' as Exchange Resumes USDC Withdrawals

The world's largest crypto exchange by trading volume has endured a wave a withdrawals amid concerns about reserves. Withdrawals of the stablecoin USDC were paused for several hours but have now resumed.

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

Finance

Crypto Exchange Binance.US Introduces Payments Service for Customers

The feature for users outside the U.S. started in February 2021.

Binance.US at Bitcoin Miami 2022 (Danny Nelson/CoinDesk)

Markets

Justin Sun Looks to Calm Crypto Market Fear as BNB Falls 8%, Withdrawals Continue on Binance

Justin Sun deposits $100 million into Binance as outflow hits $1.8 billion, while BNB drops 8% and value departs BSC-based DeFi protocols

(Danny Nelson/CoinDesk)

Markets

Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders

Binance endured $902 million of net outflows in the past 24 hours, according to data by Nansen.

Logo 3D de Binance impreso en dorado. (Rob Mitchell/CoinDesk)

Videos

Do Kwon Reportedly in Serbia; Future of FTX’s Political Donations

U.S. prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reports. Do Kwon, wanted internationally in connection with Terra's collapse, has moved to Serbia through Dubai, according to CoinDesk Korea. And Bloomberg reports that at least $73 million of political donations tied to Sam Bankman-Fried’s FTX may be at risk of being clawed back.

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Videos

US Prosecutors Mull Charging Binance on Possible Money Laundering Violations: Reuters

Reuters reports that some U.S. prosecutors are considering charging crypto exchange Binance and its executives for possible money laundering and sanctions violations. Binance tweeted in response to the article, "Reuters has it wrong again." Meanwhile, FTX co-founder Sam Bankman-Fried is set to speak before lawmakers this week. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details.

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