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Crypto exchange Binance has tightened its listing policy as the number of listed trading instruments declined by 21% in 2023, Kaiko reports. According to a new report published by Diving Into DEXs, Binance is now taking an accelerated approach delisting entities in a rapid pace after its founder and former chief executive Changpeng Zhao settled a $4.3 billion case with U.S. regulators for, among other things, operating an unlicensed exchange. Analysts at Kaiko admitted that Binance was not the only crypto exchange in 2023 to scale down its listing offerings as Coinbase and OKX have delisted some instruments. In the meantime, U.S.-based crypto exchange Kraken, on the contrary, slightly increased the number of supported cryptocurrencies, according to Kaiko data. Number of listed cryptocurrencies on Binance vs Binance.US, Coinbase, Kraken and OKX | Source: Kaiko You might also like: Newly published DoJ document reveals Binance’s supervision requirements In mid-October...

Changpeng Zhao, Binance’s former CEO, faced a setback; the Bitcoin spot ETF craze continues, with BlackRock and Grayscale modifying their filing s; and BTC clinched the $39,000 spot amid a sustained market uptrend. Binance ex-CEO’s travel ban Recall that the U.S. Justice Department argued against letting Zhao leave to the UAE, adding that he might not return to the U.S. to face his sentencing, as the country does not have an extradition agreement with the UAE. This week, District Judge Richard Jones agreed that authorities restrict Zhao from leaving the U.S. before his sentencing in February next year. Zhao would have to remain in the U.S. until then. Zhao resigns as Binance.US chairman amid probe Despite getting the global Binance entity to admit to financial violations and a fine of $4.3 billion, U.S. authorities are still onto the Binance brand. The U.S. Securities and Exchange Commission (SEC) recently revealed it has continued its probe into Binance.US’ operations. T...

Many on Twitter compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, whose then-CEO was also forced to step down. The crypto community on social media has greeted the news of the deal between Binance, CZ and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin ETF. The $4.3 billion settlement between the U.S. and the world’s largest crypto exchange, Binance, for violating U.S. anti-money laundering laws includes a plea deal whereby the former CEO Changpeng “CZ” Zhao, has agreed to step down as the CEO of the exchange. The news of the deal and CEO's departure led to a market correction that saw some $175 million worth of leveraged crypto positions liquidated, while close to $1 billion in crypto assets flowed out of the crypto exchange. Over 1 billion dollars of outflows out of @Binance in the last 24 hours pic....

Despite cryptocurrency’s decentralized ideals, a select few hold vast amounts of Bitcoin, wielding outsized influence. Who owns the most Bitcoin, and how do these whales sway the market? It has been 15 years since the invention of Bitcoin (BTC), the cryptocurrency that kicked off what is now a multibillion-dollar digital asset industry. In that time, the coin has become one of the largest peer-to-peer (P2P) networks in terms of the total number of users. However, there have been concerns regarding Bitcoin’s centralized distribution, which seems counterintuitive to its original purpose. It is becoming increasingly clear that a small number of companies and individuals control the vast majority of Bitcoin’s current supply. These entities are often called “whales,” who, because of their massive holdings, can cause significant ripples across the BTC market. These whales often command attention from other market participants due to their outsized trading activity and c...