When trading cryptocurrencies on the Binance Exchange, each trade will incur a standard fee of 0.1% (trading fees are determined by your monthly trading volume and BNB holdings). This testnet environment is a simulation trading platform to practice trading live cryptocurrency markets in real-time without risking any capital. Also covers late-stage venture capital funding, initial public offerings on U.S. Binance. Earlier this year, youtu.be the Commodity Futures Trading Commission sued the company and founder and CEO Changpeng Zhao for "willful evasion" of U.S. The fund may also include investments in other ETFs that have exposure to futures products. Exchange-traded fund issuer Direxion filed for a bitcoin and ether futures product Wednesday, joining a whole raft of companies that are hoping to launch similar crypto-related trading products in the U.S. The bounce comes as six companies - Volatility Shares, Bitwise, ProShares, Roundhill Investments, VanEck and Grayscale Investments - have applied for exchange-traded funds tied to ether futures.
The discount in shares in the Grayscale Ethereum Trust (ETHE) relative to the fund's net-asset value has narrowed from 41.5% to 37.16% in two days. The Ethereum blockchain was unaffected by recent market events. "As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading volumes while actively concealing who was operating the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were custodied. Even though each exchange's structure and functionality differ, they all attempt to provide crypto traders a venue to trade their assets in a larger sense. The exchange's reserves include 43,200 BTC, 274,000 ETH, 820 million USDT, and 9.7 billion TRX. The exchange's remaining reserves were $1.49 billion worth of ether, $88 million in USDT, and $55 million in USDC. There is a range of different cryptocurrencies available to convert to BUSD, including popular assets BTC, ETH, LTC; stablecoins: USDT, USDC, TUSD; DeFi tokens: UNI as well as community-driven tokens DOGE and DOT with limits from $10 to $4M per order.
The exchange's total reserves - as of Nov. 11 - include 475,000 BTC, 4.8 million ETH, 17.6 billion USDT, 21.7 billion BUSD, 601 million USDC, and 58 million BNB. Binance holds a significant portion of its reserves in BUSD and BNB, worth around $35 billion. The SEC charged Binance for the unregistered offers and sales of BNB, BUSD, and crypto-lending products known as "Simple Earn" and "BNB Vault." Further, the SEC charged BAM Trading with the unregistered offer and sale of Binance.US’ staking-as-a-service program. Further, the Complaint alleges that the defendants concealed the fact that it was commingling billions of dollars of investor assets and sending them to a third party, Merit Peak Limited, that is also owned by Zhao. Among other things, the SEC alleges that, while Zhao and Binance publicly claimed that U.S. "Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law," said SEC Chair Gary Gensler.</<br>r>
The SEC action marked a dramatic escalation of a crackdown on the crypto industry. All of the clients at Binance can take part in the IEOs on Launchpad, and they have become some of the most anticipated and profitable coin launches in the crypto industry. LONDON/MOSCOW, Feb 28 (Reuters) - Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others after Ukraine called for a block on Russian users at major digital currency platforms. Ukraine Vice Prime Minister Mykhailo Fedorov said on Sunday he had requested major crypto exchanges to block the digital wallet addresses of Russian users, which allow transactions in crypto coins. Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, with one unit in bitcoin cash added for every bitcoin. When Nakamoto first created Bitcoin, it was under the idea the internet needed a peer-to-peer system to transfer value (much like the way cash works in the analog world).