.BernsteinBuzz says binance is solvent, liquid and stable and this is evident in the exchange's more than $55 billion in verifiable cold-wallet addresses. BernsteinGautam. willcanny99 reports.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Binance is solvent, liquid and stable and this is evident in the exchange’s more than $55 billion in verifiable cold wallet addresses, Bernstein said in a research report Monday.
The crypto exchange can also “pass the test of withdrawals” as it did when some $6 billion of customer funds were withdrawn on Dec. 13, the report said. “Binance’s undisputed market leadership has not been an accident – it has a long history of doing right by the customer,” the report added, noting that the exchange has made customers whole through hacks and regulatory challenges. The exchange is now around 75% of the global crypto trading market.
Bernstein says Binance faces two challenges. Firstly, it has an offshore holding company based out of the Cayman Islands, which means it must take “progressive steps moving towards an on-shore structure,” even at the cost of short-term business.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bernstein: Returns From Buying Crypto During Downturns Have Been Spectacular.BernsteinBuzz says investors should focus on the long term consumer adoption of crypto, and as blockchains scale and applications mature, it expects the monthly user base to increase by as much as 100-fold. BernsteinGautam. willcanny99 reports.
Read more »
Crypto exchange adoption boosts ENS registrations over 2.2MEthereum Name Service recorded 2.2 domain registrations in 2022, with Coinbase's integration of the service having a notable impact on new users last year.
Read more »
Bahamas regulator denies asking crypto exchange FTX to mint new tokensThe Securities Commission of The Bahamas has released a statement denying claims made by US FTX debtors that the commission asked FTX to ‘mint’ new tokens.
Read more »
Zodia Custody Appoints Crypto Exchange Bitstamp’s Julian Sawyer as Chief Executive Officer.ZodiaCustody, the Standard Chartered-backed crypto custody firm set up in December 2020, appointed Julian Sawyer as its chief executive officer. By willcanny99
Read more »
Ex-Bithumb Chairman Acquitted in South Korea $100M Crypto Exchange Fraud Trial: ReportA South Korean court acquitted former BithumbOfficial Chairman Lee Jung-hoon of fraud charges. Lee was accused of stealing $100 million from an investor during negotiations for an acquisition. By iamsandali
Read more »
2022's Top Crypto Events, and the 2023 Crypto Outlook: Drama, Contagion and Hope | Investing.comMarket Analysis by Investing.com (Günay Caymaz/Investing.com) covering: BTC/USD, ETH/USD - Ethereum US Dollar, CEL/USD, LUNAt/USD. Read Investing.com (Günay Caymaz/Investing.com)'s Market Analysis on Investing.com
Read more »