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"Top investors have always been interested in Binance," Zhao said. "Over time, we may allow some investments in the single-digit percentage range."
Major crypto exchange Bybit faces $1.46B Ethereum hack, prompting industry-wide support and renewed focus on exchange security measures.
Access to fiat services begins Wednesday, and will be gradually rolled out to all eligible customers over the coming days, Binance.US said.
Binance.US is staging an American comeback as the regulatory environment warms up to digital assets and welcomes back offshore crypto companies. The company is restoring its American dollar–backed fiat services after nearly two years.
Binance co-founder Changpeng Zhao (CZ) executed his first-ever decentralized exchange (DEX) trade, purchasing TST and adding liquidity.
Binance.US said its customers will soon be able to deposit and withdraw US dollars on the crypto exchange for the first time in almost two years.
The survey found that investors entered the cryptocurrency space looking for significant returns and financial freedom.
Nigeria has filed a lawsuit seeking to compel cryptocurrency exchange Binance to pay $79.5 billion for economic losses it says were caused by its operations in the country and $2 billion in back taxes,
Binance is pausing its U.S. market plans while awaiting regulatory clarity, following a costly settlement and leadership changes.
Binance.US said fiat services have been restored after the exchange was forced to go “crypto-only” due to the SEC’s “intimidating tactics.”
Nigeria has sued Binance for $81.5 billion, including $79.5 billion for economic losses and $2 billion in back taxes.
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