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Binance earns a maximum 10 basis points, or one-tenth of 1% on spot trades, and between 2 and 4 bps on futures. But it offers huge discounts for major customers under its “VIP” program.
Richard Teng is the chief executive officer (CEO) of Binance, a company that operates one of the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Previously, he worked for the Monetary Authority of Singapore and was chief regulatory officer of the Singapore Exchange and CEO of the Abu Dhabi Global Market.
The new CEO of Binance is friendly but cautious—a far cry from his predecessor, Changpeng Zhao, who last week agreed to step away from the company he founded as part of a $4.3 billion criminal ...
CFTC is accusing the world's largest crypto exchange of selling digital assets to U.S. customers despite not being registered to do so.
An Initial exchange offering (IEO) is the cryptocurrency exchange equivalent to a stock launch or Initial public offering (IPO). An IEO is the process of digital asset (e.g. coins or tokens) procurement through an established exchange for the purpose of raising capital for start-up companies. [1]
Binance Holdings Ltd., branded Binance, is a global [9] company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao , a developer who had previously created high-frequency trading software.
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In April 2019, Binance launched Binance Smart Chain, which has smart contract functionality and is an Ethereum competitor. In February 2018, Forbes placed him third on their list of "The Richest People In Cryptocurrency," with an estimated net worth of $1.1-2 billion. [14] [16] In 2019, Zhao launched Binance's U.S. affiliate, Binance.US. [17]