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Cryptos on binance

Own your crypto in a private and secure way

This writer, however, finds reason to believe that Binance’s revenues are actually well below $5 billion. The reason: It’s offering a big promotion for its VIP customers likely to take my estimated, post-discount 7 bps take on spot trading—its most lucrative category—a lot lower. Big traders now pay zero commissions on all purchases and sales pairing Bitcoin and the prominent TUSD token running on Ethereum, and for transactions linking Binance’s stablecoin BUSD and all other cryptos except Bitcoin, BNB, and Ether. Binance bought bitcoin By far the world’s largest cryptocurrency exchange, Binance said Monday that as of the end of September it will automatically convert customer balances in a number of stablecoins as well as new deposits into its own Binance USD (BUSD) token.

What crypto does binance support

The rub: BNB’s fundamental value is closely tied to Binance’s revenues. The “highest and best use” that establishes the bedrock value for all of BNB is the dollars of potential discounts it commands on trades. The less money Binance gets from matching buyers and sellers, the less BNB is worth, at least in principal. Here’s the math. At Binance’s spot annual run rate of $2 billion, BNB’s 25%-off saves customers $500 million a year. The 10% break for the $2.8 billion in futures equals $280 million. In other words, BNB’s good for a maximum of $780 million per year in discounts. ActualizeAI: The next generation of crypto trading In its complaint filed in Manhattan federal court, the SEC said Coinbase has since at least 2019 made billions of dollars by operating as a middleman on crypto transactions, while evading disclosure requirements meant to protect investors.

The best crypto exchanges enable you to trade coins and tokens easily while keeping your assets safe and your fees low.

So I read through the CFTC complaint against the world’s largest cryptocurrency exchange, Binance, and it seems like the lawyers are having fun with this one. For instance: “Binance’s decision to prioritize commercial success over compliance with US law has been, as Lim paraphrased Zhao’s position on the matter, a ‘biz decision.’” I never get tired of reading these complaints. Does Binance have a wallet address? Reuters. "Binance-Linked Blockchain Hit by $570 Million Crypto Hack."

How to buy cryptocurrency on binance

You can choose not to receive personalised ads by clicking “Reject data collection and continue” below. Please note that you will still see advertising, but it will not be personalised to you. Why users are pushing back against the world’s largest crypto exchange (Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)