Articles by "Binance"
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di November 11, 2021 0

Binance CEO Outlines Exchange's European Expansion

Binance CEO.

The Binance CEO views France as a natural choice for its European expansion plans by establishing its headquarters in a local jurisdiction

Digital Asset Service Provider in 2022

Binance is foraying into Europe via France to gain Digital Asset Service Provider status in 2022, Changpeng Zhao (CZ) told Les Echos in an exclusive interview. Binance recently announced its engagement with France Fintech, a French non-profit organization for 'Operation Moon'. Binance committed €100 Million for research and development, education, and accelerator programs.

In an exclusive interview, CZ expressed his vision for a France-based operation - 'There is no passport for this type of activity yet, which means that we have to get authorization for every country. As soon as possible, France will be the natural choice for regional headquarters, and even maybe global.'

Binance started out as a technology startup but with the exponential growth in the crypto industry, its role has changed to that of technology and financial service provider. In four short years, he has grown to become one of the industry movers in the crypto space. Regulation and compliance are finally catching up to the crypto market as crypto assets go mainstream.

Binance and other crypto-related institutions have faced an uphill task with regulators around the world. The US Securities and Exchange Commission (SEC) is reportedly investigating the Uniswap and Circle Central Consortium members responsible for issuing the USDC stablecoin.

Challenges Of Traditional Exchange

CZ also talked about the recent rally that saw Bitcoin and Ethereum prices hit all-time highs. There has been speculation that the recent rally was contributed by the approval of the Bitcoin Exchange Traded Fund (ETF) which CZ believes contributed little to the Bitcoin price. Instead, the long-term factor is the gradual decline in Bitcoin supply.

Binance saw a sharp increase in the number of users. It has jumped from 20 million to 85 million this year. In an interview with Bloomberg, CZ also acknowledged ETFs as a positive development that allows traditional exchanges to reach customers that crypto exchanges cannot.

CZ rejected a suggestion from a Bloomberg host that traditional exchanges become competitors of crypto exchanges. Crypto exchanges are only able to penetrate a small part of the global population and if traditional exchanges bring in more customers, it is a big win for the industry.

Finding a Home in Europe?

Regulation is one of the main challenges facing Binance as regulators no longer recognize a decentralized organization. Binance started its operations without a headquarters. However, with more than 3,500 employees worldwide and with more than 600 employees in charge of regulation, Binance recognizes that regulation is necessary.

CZ confirmed that Binance has plans to set up its headquarters at every level; local, regional and global. France is an ideal choice for regional or even global headquarters. The recent initiative, 'Operation Moon', is indicative of Binance's commitment to the growth of the crypto industry in Europe through France.

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di October 17, 2021 2

Binance will Close all Trading with the Chinese Yuan in December

Peer-to-peer trading platform Binance will wipe out the Chinese yuan (CNY) by the end of the year

Chinese Yuan Suspension

Binance is taking firm steps to stop any yuan trading pairs on its platform starting from December 31st. Last Wednesday, October 13, the crypto exchange platform announced that it would be discontinuing yuan trading from peer-to-peer platforms alongside other restrictions.

Binance also confirmed its decision to restrict access to its platform for users based in China. Accounts linked to crypto exchanges will be in a 'withdrawal only' mode which only allows users to make withdrawals, exchanges, and closing positions.

“Binance withdrew from the mainland China market in 2017 and is not involved in any exchange business in mainland China,” the announcement in Chinese reads.‍

Binance does not operate any exchange operations in China and has taken steps to prevent new account registrations from China via geofencing. Houbi, another major crypto, has also announced that it will be gradually retiring its existing Mainland Chinese users by December 31st.

China Intensifies Its Crypto Crackdown

Binance has been out of China since 2017 but it is still possible to trade on its platform using the Chinese yuan. The latest decision to remove the yuan trading pair and restrict access is expected by Beijing to step up enforcement. This includes blocking major crypto-related websites such as CoinMarketCap, Coinecko, and TradingView.

BeePool and SparkPool, the two largest Ethereum (ETH) mining pools based in China have taken steps to halt their operations amid the Chinese government's crackdown on crypto-related activities.

Crypto Industry Will Survive

Various jurisdictions can catch activity by institutions such as Binance and Houbi. In most cases, there is no alternative but to comply or risk facing enforcement action. The cryptocurrency was created as a tool to provide financial democracy. So far it has dominated a total market cap of $2.48 trillion, and the trend of adoption seems to be on the rise.

Many attempts were made to ban cryptocurrencies in several states and to no avail. In general, regulators now prefer to regulate the crypto industry rather than ban it. Some jurisdictions are already adopting crypto-friendly policies and regulations and this may be the preferred approach as crypto becomes mainstream.

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di June 03, 2021 0

Update for Binance Margin SAPI Create Margin Account


Binance Futures will make improvements to optimize SAPI to provide better services to our users. The upgrade is expected to be completed by 2021-05-15 08:00 (UTC). The endpoints below will be terminated:

Create an Isolated Margin Account (MARGIN):
POST /cattle/v1/margin/isolated/create (HMAC SHA256)

After the upgrade, Isolated Margin account creation and trade preparation can be completed directly via Isolated Margin funds transfer.

For more information, please refer to the detailed API documentation here.

Risk Warning: Margin trading carries great risk and the possibility of significant profits and losses. Past profits do not indicate future returns. All your margin balances can be liquidated in case of extreme price movements. The information herein should not be construed as financial or investment advice from Binance. 

All trading strategies are used at your discretion and at your own risk. Binance will not be liable to you for any losses that may arise from the use of your Margin.

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di August 25, 2020 0

Binance Launches 'Build For Bharat' To Accelerate India's Blockchain Ecosystem


Binance, a global crypto exchange recently announced the launch of the hackathon, "Build for Bharat" in India. This hackathon will focus on Defi together with the accelerator program. Back in March 2020, the exchange collaborated with WazirX with the aim of improving the blockchain ecosystem in India.

Build For Bharat is India's first Defi focused Hackathon

Binance has announced that Build for Bharat will be India's first Defi-focused Hackathon. With the help of this hackathon, the company aims to bridge the gap that exists between blockchain and mass adoption in the country. Through a blog post on August 24, the exchange has announced every special detail about the hackathon.

Binance will select around 100 teams for the Build for Bharat event and will receive application forms until September 11, 2020, for the same. It was revealed that together with Defi, Binance will accept other projects as well such as trading platforms, digital asset wallets, and many others.

Binance expects great participation

The current Defi ecosystem in India is relatively small compared to other Defi markets. However, Binance expects that due to the good exposure of the Build for Bharat event, there will be a large amount of participation. Google Cloud, Marlin Protocol, Ankr Cloud Infrastructure, Band Protocol are sponsoring this hackathon. This acceleration program is sponsored by the Polaris Accelerator program. Due to all these partners, the company is targeting large participation in India.

An invitation from Binance reads, "Build for Bharat invites creators, innovators, and builders from all over India to come and showcase their talents by building unique and creative products using digital assets and blockchain technology." It was also stated that companies are not looking for big companies as this event is focused on startups and individuals.
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di August 14, 2020 0

Binance Adds a Bank Transfer Method for Indonesian Users Supported by Tokocrypto


In partnership with Tokocrypto, Binance has added a deposit and withdrawal method using local bank transfers via BIDR stable coins. All funds from this payment method will be converted into Rupiah-based Stablecoin (BIDR) automatically. It allows you to easily buy Bitcoin and trade with popular trading pairs such as: BTC / BIDR, ETH / BIDR, BNB / BIDR, BUSD / BIDR and USDT / BIDR.

How to deposit IDR

1. Click "Buy Crypto" in the navigation menu.
2. Select "Bank Deposit" and then select a bank. All banks are supported but there will be additional wire transfer fees if you are sending from a bank not selected.
3. Your balance will be converted to BIDR instantly.

How to withdraw IDR

1. Click "Wallet" —-> "Spot Wallet" in the navigation menu.
2. Click the "Withdraw" button
3. Select "Fiat" on the Withdrawal page. All banks are supported for this feature.
4. BIDR will be immediately withdrawn to your bank account.

What is BIDR?

Binance IDR (BIDR) is a BEP2 stablecoin pegged 1: 1 to Rupiah (IDR), which is simultaneously supported by Binance and Tokocrypto. Tokocrypto is the first regulated digital currency exchange in Indonesia, supported by the Binance Cloud.

Start buying BIDR with local bank transfer here.
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di July 13, 2020 0

BUSD by the Numbers: Celebrating a 1 Billion USD Milestone

Binance USD (BUSD), the official US dollar-denominated stablecoin of Binance, has hit 1 billion USD in purchase volume just 260 days after it launched. Get to know more about the stablecoin’s fast growth in this article.

It’s been nine months since we launched BUSD. We’ve seen tremendous growth in terms of issuance, reach and use cases for this stablecoin. Several observers have pointed out that BUSD has grown its utility due to several factors, including increased traction in several countries such as Brazil, as well as the growing role of stablecoins in simplifying payments worldwide.

Here are some numbers that show the momentum of BUSD.

1,000,000,000: Amount of BUSD minted 

Reaching the 1 billion mark for minting or tokenizing a stablecoin, especially a USD-denominated one, is a milestone reserved for just a few leading stablecoins. BUSD has reached the 1 billion mark on May 28, and it has been the fastest stablecoin to do so. How fast? See below.

261: Days it took for BUSD to hit 1 billion USD in purchase volume

From the time we minted the first BUSD, on September 10, 2019, to the one-billionth token, BUSD has grown its minting volume pretty well. How much growth did we see? Here’s a chart below.

208,000,000: USD market cap for BUSD at its peak

Reflecting its growing user base, BUSD’s market cap 200 million USD ranked in the top 4 of the global stablecoin market. This market cap is driven by, among other factors, large daily volumes of purchases and redemptions, as well as good liquidity on Binance and other markets.

35: Days it took for BUSD market cap to jump 2x 

On March 13, BUSD surpassed 100 million USD in market capitalization. This is an achievement in itself, but what amazed us was that it took just one month and a few days to reach 2x that market cap amount, which we hit on April 17.

60+: Notable crypto platforms that use BUSD

Aside from managing token economics, one more thing that the BUSD team has achieved is growing the usability of BUSD in many platforms. Right now, you can use BUSD in services such as exchanges, crypto wallets, decentralized finance (DeFi) protocols, payment and fiat gateways, etc.

24: Exchanges that list BUSD

A big factor in achieving the numbers above is the growing acceptance for BUSD in more exchanges. Since day one, we have worked with various exchanges, which have graciously supported our stablecoin alternative. Of course, it helps our case when the stablecoin we’re offering is fully regulated by the New York State Department of Financial Services (NYDFS) and verifiably backed by 1:1 US dollar reserves.

7+: Main use cases we have seen for BUSD 

Stablecoins plays an important role in transactions because they vary less than the typical cryptocurrency when it comes to price movements. Right now, you can:
  1. Transfer your digital dollars (BUSD) anywhere in minutes, with low cost and on the blockchain.
  2. Trade BUSD on different exchanges, both centralized and decentralized, like Binance and Binance DEX.
  3. Deposit BUSD to earn an interest rate, through Binance Savings
  4. Pay BUSD as payment for goods and services.
  5. Use BUSD as collateral and loan asset in 
  6. Use BUSD as cross collateral on Binance Futures.
  7. Store BUSD on an exchange or in a wallet.
This is just a preliminary list of main uses, and that’s just mostly within the Binance ecosystem. We trust that the bigger crypto community can find more beneficial use cases for our stablecoin, as we continue to enhance the product.

155,000: Number of users holding BUSD on Binance

Ultimately, BUSD reached all the milestones above because of the support of our Binancians, especially those who continue to hold BUSD inside their Binance accounts, as well as thousands of others who use it outside Binance. We shall continue to work hard to give more use cases and milestones for our stablecoin.
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di March 25, 2020 0

Binance Coin needs to determine which path to take, + 38% or -38%?


Binance is easily one of the largest cryptocurrency exchanges in the world in the world with a North reporting volume of $ 5,111,103,686 USD. The exchange has more than 600 trading pairs and 196 coins. Beyond that, exchanges have their own tokens known as Binance tokens, which serve utility functions for exchanges and have other features as well.

The exchange token, at the time of writing, is valued at $ 12.27 USD and has a market capitalization of $ 1,908,684,997 USD with a 24-hour trading volume of $ 308,389,137 USD. The token decreased -0,20% in the last 24 hours and surged 21% in the last week.

  • As it stands, BNB has broken the ascending triangle that was previously formed with the price indicating a bullish break on March 19.
  • Overhead resistance at $ 12.64 prevents a bullish spike and keeps prices grounded.
  • Violations will cause prices to surge by 20% and failure to penetrate will cause the same amount of price variations but in the opposite direction.

Four Hour BNB Chart

As mentioned, BNB has come out of the ascending triangle and has moved sideways ever since. Sideways pressure is due to resistance at $ 12.64, which has been tested twice in the last 5 days.


If it manages to break this level, BNB will push higher, at least up to the next resistance level at $ 15.58 or up 20% from the current level. However, if the price fails to capture $ 12.64, the downward movement is confirmed. The downtrend will bring the price to $ 9.62 (-23%) first, following this level will be $ 8.32 (-35%). Therefore, both scenarios depend heavily on what happens with the resistance at $ 12.64. Either way, the price looks 20% profit / loss.

The directional movement index (DMI) indicator shows a slow increase in the overall trend from bearish to bullish. This can be seen in the reflection of the yellow line from below and its journey to the dashed line, aka ADX (white), which is a neutral zone.

Furthermore, the uptrend or DI + (green) line is also experiencing a rebound in the ADX line, hence this indicates a failure to extinguish the uptrend or DI + Line.

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di January 08, 2020 1

Binance donated $ 1 million in crypto to help the Australian Bush Fire


The cryptocurrency community has once again demonstrated its commitment to supporting charity goals throughout the world. Binance, the most active international digital asset exchange, has contributed $ 1 million to assist Australia's fire relief efforts and invited the public to join the initiative. The recent forest fires season is considered the worst in living memories, causing billions of damage.

Binance Supports Australian Bush Fire Assistance

The philanthropic arm of the Binance cryptocurrency exchange has announced the start of a charity project aimed at helping the Australian forest fire relief effort. The company is committed to donating $ 1 million in BNB alone to the Australian Bushfire Donations project as an initial impetus. All funds collected will be used to help reduce the impact of this disaster and facilitate recovery thereafter.

"It is very sad to see forest fires throughout Australia and their devastating effects on ecology and local communities." Contributing to Australia The Bushfires charity program is the most direct and effective approach to making an impact, and we also ask the entire crypto community to join us in supporting Australia. "said Changpeng Zhao, CEO of Binance.

The 2019-2020 fire season is considered the worst in living memory, causing tens of billions of damage and killing 28 people on January 8. According to the latest media reports from Australia, recent fires have burned more than 100,000 square kilometers of land, destroying thousands of homes and causing the loss of about half a billion animals. On January 5, the Australian prime minister announced the formation of the National Bushfire Recovery Agency, which was initially funded with 2 billion Australian dollars.


Adoption of Crypto for Charity

The Binance Charity Foundation was launched by Changpeng Zhao's company CEO in October 2018. The blockchain-based platform ensures that all contributions and allocations for each project are recorded and open to the public. The charity reported reporting helping more than 100,000 people in previous projects, with efforts such as providing lunch to more than 5,000 students in 11 schools, stationery supplies and solar panels for 51 schools and sanitary napkin for more than 10,000 young girls in 55 school.

"We feel for people who have suffered losses in this natural disaster and we really want to do our part to help. That was also the initial intention we had when we created this platform that uses technology to empower people and help those in need that's most important, "We will reach out to as many organizations and local communities as possible to continue the donations we receive crypto into the hands of each recipient. Please recommend to bcf@binance.com if you know that someone has received crypto, or want us to appreciate your support in all forms, "said Helen Hai, Head of the Binance Charity Foundation.

Binance is considered a leading global cryptocurrency exchange based on trade volume, with users from more than 180 countries and regions. In October 2019, the company added bitcoin cash to Binance DEX, a decentralized exchange, and in December the company launched a bitcoin cash futures contract (BCH / USDT) with up to 75x leverage on the Binance Futures trading platform, giving BCH users additional options to use popular assets and encourage peer to peer electronic cash adoption throughout the world.

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