That's changed, however, and Americans are no longer allowed to access Binance. There was essentially no restriction on who could create an account and certainly no KYC. It used to be that anyone in the world could sign up for Binance. That being said, before opening a Binance account there are a few things that you should keep in mind. You don't become the world's largest crypto exchange, and _stay there, _by defrauding traders and engaging in other shady business practices. The short answer to this question is yes, Binance is definitely trustworthy. Binance has been quasi-hacked in the past and as a huge honeypot it is the likely target for future hacking attempts.Americans cannot access Binance and Binance US lacks many features.Binance US, which does, is not available in all states Binance does not support Fiat deposits via bank transfer.the traditional way with fiat dollars via an online broker, crypto investors can trade their cryptos directly for tokenized versions of popular stocks. Instead of buying stocks like Google, Amazon, Tesla, Facebook, Netflix etc.Numerous innovative products like the Binance coin, futures contracts, margin trading, mobile app, etc.Hundreds of trading pairs, more cryptocurrencies listed than any other reliable crypto exchange.Massive liquidity, Binance is the world's largest spot exchange by trading volume.While there is a lot to cover in this review we'll begin with one of the most important topics, is Binance legit? Solid leadership under Binance CEO, Changpeng Zhao (CZ)Īll of these factors and more have led to Binance's explosive growth, and will likely contribute to Binance's continued popularity in the future.Great new innovations like Binance's own BNB token and the Binance DEX.Even now, no KYC for users in many countries Massive selection of cryptocurrencies, several hundred trading pairs and counting.In this Binance review we'll cover a few of the features that have led to this exchange becoming so popular. Binance has more listed altcoins with real trading volume than any other crypto exchange. Since it's launch in 2017 and meteoric rise, it has been widely recognized as the best altcoin exchange in the world. Voyager initially planned to sell its assets to FTX Trading, but that deal imploded when FTX went bankrupt in November amid a frenzy of customer withdrawals and fraud allegations that led to the arrest of founder Sam Bankman-Fried.Binance is one of the world's largest cryptocurrency exchanges in the world whether you look at number of users, trading volume or just about any other metric.īinance's lead over the competition is so great that at times they have more trading volume than all of the other big exchanges combined. Voyager filed for bankruptcy in July, months after the crash of major crypto tokens TerraUSD and Luna sent shockwaves across the digital asset industry. Binance.US, based in Palo Alto, California, has said that its separate American exchange is "fully independent" of the main Binance platform.ĬFIUS did not mention any specific security concerns raised by the Voyager acquisition in its court filing, but it said that bankruptcy courts have sometimes ruled that national security concerns can prevent a company from bidding on assets in bankruptcy. The company has been the subject of a money laundering probe by U.S. companies for national security risks, said Friday that its review "could affect the ability of the parties to complete the transactions, the timing of completion, or relevant terms."Īttorneys for Voyager and Binance.US did not immediately respond to requests for comment Friday.ĬFIUS has increasingly been used by Washington as a tool to stymie Chinese investment in the United States.īinance, is owned by Chinese-born and Singapore-based Changpeng Zhao and has no permanent headquarters. Committee on Foreign Investment in the United States (CFIUS), an interagency body that vets foreign investments into U.S. The crypto exchange's U.S.-based affiliate Binance.US intends to buy Voyager's crypto lending platform with a bid that includes $20 million in cash and crypto assets that will be used to repay Voyager's customers.īut the U.S. national security review, according to a Friday bankruptcy court filing. Dec 30 (Reuters) - Binance's $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a U.S.
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