I bet this is due to lobbying from coinbase investors. for coinbase to not flunk, they need to get rid of binance and lobby for more crypto regulations. I guess coinbase wants to get more EU customers. binance was already all but banned in the US I think
Crypto exchange Binance temporarily suspends payments from EU's Sepa network
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Re: Crypto exchange Binance temporarily suspends payments from EU's Sepa network
#12Earlier quoted context omitted.
What do you think about binance trading tokenized stocks like Tesla and Apple? For a company being this big, not even sharing where they are hq'ed raises big red flags. Even the simple fact that binance uses mainly Tether is very concerning too. In combination with a lot of users limited to withdraw funds, i suspect most of their "backed" money is just a fad.
The US had a problem with their offerings so they pulled out. The UK has a problem so they've started setting up a version without those. I see nothing bad in general about attempting to offer more products and they do try to comply with governments which do not allow those offerings.
I'd be amazed if it's just 1 problem? I already mentioned a couple of them above.
Have you even read the leaked Tai Chi document mentioned before? Binance literally tried a bait and switch.
Re: Crypto exchange Binance temporarily suspends payments from EU's Sepa network
#13I'm completely okay with this. Binance still hasn't explained why basically none of their leveraged tokenized assets nearly all failed to perform as intended[0].
Whole heartedly - fuck Binance.
0 - https://www.coindesk.com/binance-leveraged-tokens-crypto-cra...