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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. Binance was initially based in China, then moved to Japan ...
In March, the Commodity Futures Trading Commission sued Binance and its CEO, Changpeng Zhao, over the exchange’s allegedly deliberate efforts to direct American crypto traders away from Binance ...
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]
Richard Teng, CEO of Binance, pointed to new Bitcoin ETFs in markets like Hong Kong, Australia and Canada. ... A new Trump election could give more clarity on cryptocurrency regulations. The size ...
The CFTC views cryptocurrency similar to a commodity, like gold or silver. This means that buying or selling crypto can be considered a taxable event and capital gains rates may be applicable as well.
In finance, a perpetual futures contract, also known as a perpetual swap, is an agreement to non-optionally buy or sell an asset at an unspecified point in the future. . Perpetual futures are cash-settled, and differ from regular futures in that they lack a pre-specified delivery date, and can thus be held indefinitely without the need to roll over contracts as they approach expi
The Commodity Futures Trading Commission now permits the trading of cryptocurrency derivatives publicly. [37] Among the Asian countries, Japan is more forthcoming and regulations mandate the need for a special license from the Financial Services Authority to operate a cryptocurrency exchange. [38]
Coinbase and Binance are two well-established crypto trading platforms you might want to consider. Compare these options to decide which is better for you.