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Tag Archives: Binance

Important Binance Update Affecting Ripple (XRP) Traders

TL;DR Binance is set to introduce XRP/USDT options trading by the end of the week, aiming to improve trading experiences with competitive pricing. The company also adjusted its offerings by suspending Solana withdrawals, delisting several altcoins, and adding new assets to Binance Loans. The leading cryptocurrency exchange continues implementing amendments on its platform “to enhance users’ trading experience.” According to a recent announcement, Binance will launch XRP/USDT...

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Binance.US Hit by Layoffs and 75% Revenue Drop Amid SEC Lawsuit Aftermath: Report

According to Fortune, Binance.US is facing significant challenges, including forced layoffs and a decline in revenue, following legal actions initiated by the U.S. Securities and Exchange Commission (SEC). In newly released court documents, Binance.US Chief Operating Officer Christopher Blodgett disclosed that the company has been compelled to terminate over 200 employees, amounting to two-thirds of its workforce, since June. Forced Layoffs and Revenue Plunge This downsizing...

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Binance Halts Nigerian Naira Transactions, Compliance Concerns Intensify

Binance has announced its plans to halt its services involving the Nigerian Naira (NGN) due to heightened regulatory attention from authorities in Nigeria. The crypto exchange said that it will remove all current NGN pairs by Thursday, and any remaining NGN balances will be transformed into USDT by Friday. According to the official blog post, Binance will halt NGN withdrawals starting from March 8, following which, any remaining NGN balances in users’ Binance accounts will be...

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Important Binance Update Affecting PEPE Traders

TL;DR Binance adds new trading pairs, offering more diversity for users. The company has announced multiple updates as of late in response to market trends. The world’s leading cryptocurrency exchange will increase the number of trading pairs offered on Binance Spot. The ones available for users from March 5 include PEPE/FDUSD, UNI/FDUSD, OM/TRY, PIXEL/USDC, STRK/USDC, and THETA/TRY. Some of the involved cryptocurrencies like Pepe Coin (PEPE) and Mantra (OM) are well in the...

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