Binance Futures Hits $2.7B All-Time High as Firm Adds Futures on iOS

Binance, the second-biggest cryptocurrency exchange by daily trading volume at press time, now supports Bitcoin (BTC) futures trading on its new iOS app. After Binance initially launched its two futures testnet platforms on Sept. 2, the exchange now allows its users to trade Bitcoin and Ether (ETH) futures contracts via its newly released iOS application, according to a blog post on Dec. 9. BTC and ETH futures trading is also available on Android According to the firm, Binance iOS app users can now trade BTC/USDT contracts at up to 125x…

Binance Crypto Exchange Seeks Staff to Lead Its Efforts in Turkey

Major crypto exchange Binance is looking for managerial staff to establish its office in Turkey, according to job postings on LinkedIn. Binance listed a total of five open positions on its LinkedIn company page as of Dec. 6 to establish a local presence in Istanbul, Turkey. The company is seeking managers for its finance, compliance, marketing, and PR divisions.  Binance CEO Changpeng Zhao recently detailed the exchange’s plans for Turkey in an interview with Cointelegraph. He described Turkey as “a vibrant country that has illustrated one of the strongest demands…

Four Insights on Crypto Liquidity From Binance US and FTX

In crypto, it’s exactly the opposite, Bankman-Fried pointed out during our conversation. Exchanges are the biggest, the deepest-pocketed and among the most influential crypto firms operating today. In part, that’s because bitcoin and ethereum aren’t firms. In part, it’s because of crypto’s immaturity: speculating on the speculative activity of others is the only use case that’s really been proven; it’s turtles, all the way down, as the old theological joke goes.  Source link

Binance Cryptocurrency Exchange Adds Support for Tezos Staking

Binance — the second-largest crypto exchange by daily trade volume — has announced support for Tezos (XTZ) staking, according to an announcement published on Dec. 3. Starting on Dec. 4, Binance’s users will be able to trade with XTZ, with XTZ rewards to be calculated daily based on live snapshots and distributed monthly. The distribution is set to end before Jan. 20, and after that on the 20th day of each following month. Binance said that users must hold at least 1 XTZ in order to qualify for staking rewards.…

Binance Crypto Exchange Adds Four Trading Pairs for Russian Ruble

Major cryptocurrency exchange Binance listed four Russian ruble trading pairs, according to an announcement on Dec. 2. The first trading pairs featuring the ruble include Binance Coin (BNB), Bitcoin (BTC), Ether (ETH) and XRP. Binance CEO Changpeng Zhao commented on the development in a tweet sent the same day. Binance’s addition of trading pairs follows the introduction of ruble trading on the platform in late October when Zhao announced that users could then deposit and withdraw fiat funds in rubles.  Zhao has previously lauded Russia’s position as an important jurisdiction…

Binance to Launch Crypto Travel Rewards Card with Startup TravelByBit

Major cryptocurrency exchange Binance announced in a blog post on Nov. 28 that it partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites. Per the announcement, the card will function like a traditional prepaid card with access to additional discounts and rewards that users will be able to load with Bitcoin (BTC), Binance USD (BUSD), Binance Coin (BNB) and Ontology (ONT). The card will be released early next year and will initially target travelers in the Association of Southeast Asian…

Binance Buyout in India Takes Industry Fearful of Regulation to Hope

In April 2018, the Reserve Bank of India, the country’s central bank, initiated a major crackdown on the trade and purchase of cryptocurrencies such as Bitcoin within its borders. RBI Deputy Governor Bibhu Kanungo declared that all RBI-regulated entities are to “stop having business relationships with entities dealing with virtual currencies forthwith and unwind the existing relationships in a period of three months time.” This set a series of events in motion that would disrupt the blossoming crypto ecosystem in India. Crypto exchanges shut down due to regulatory pressure and…

Binance Denies Police Raid, Bitcoin Wipeout, Facebook ‘Stupid’: Hodler’s Digest, Nov. 18–24

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Binance and Bithumb deny reports of Chinese police raids Heads were turned this week when reports suggested that Binance and Bithumb, two major crypto exchanges, have closed their offices in Shanghai following raids by Chinese police. However, not everything is as it seems, with both…