12/30/2023 0 Comments Binance ceo theinformation![]() ![]() Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Traders Union () shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it. Previously, we reported that Indian users of Binance can now trade cryptocurrency in rupees. The exchange notes that the annual percentage rate will change in real time based on market fluctuations prior to subscription, but will be locked after subscription is complete, and dual investment products cannot be redeemed until the settlement date. Meanwhile, the Sell Low option is for users who want to earn high rewards for their stablecoin holdings or buy cryptocurrency at a lower price. The Sell High option is suitable for users who want to earn high rewards for their cryptocurrency assets or sell the deposit currency at a higher price. ![]() In addition, by subscribing to Dual Investment products, users can earn rewards in popular cryptocurrencies by aligning their investment strategies with specific goals. ![]() The program has gained great popularity since its inception, so Binance is constantly expanding the range of cryptoassets available for Dual Investment, giving users more choices.Īccording to information published on Binance's website, users can subscribe to Dual Investment products on a first-come, first-served basis. The Dual Investment program provides the opportunity to buy or sell cryptocurrency at a desired price and date in the future, while earning high rewards regardless of the market's direction. On 11 November 2022, CZ shared his thoughts on the collapse of the FTX empire at the 4th Indonesia Fintech Summit (10-11 November 2022).Crypto exchange Binance has announced the launch of new dual investment products with updated Target Prices and Settlement Dates. We still have a bag of as we stopped selling FTT after SBF called me. Well, earlier today, CZ said that Binance had never shorted $FTT and that it still holds $FTT tokens, which it stopped selling after SBF called (on 8 November 2022) to ask CZ to help FTX with its “liquidity” crisis:įull disclosure: Binance never shorted FTT. The next day, Binance announced why it was not able to go ahead with the plan to fully acquire FTX.com, pointing out that although it was hoping to “support FTX’s customers to provide liquidity”, the issues it discovered - as part of its due diligence process and via the various news reports about FTX - were “beyond” its “control or ability to help”:Īs a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of. We will be conducting a full DD in the coming days. To protect users, we signed a non-binding LOI, intending to fully acquire and help cover the liquidity crunch. Then, last Tuesday (8 November 2022), SBF announced that FTX and Binance had “come to an agreement on a strategic transaction with Binance” for FTX:ġ) Hey all: I have a few announcements to make.Things have come full circle, and ’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for (pending DD etc.).Ī few minutes later, CZ took to Twitter to announce that FTX had asked Binance to help it with “a significant liquidity crunch”, and that Binance had decided to protect FTX’s customers by signing a non-binding letter of intent (LOI) to fully acquire FTX: Due to market conditions and limited liquidity, we expect this will take a few months to complete. We will try to do so in a way that minimizes market impact. On 6 November 2022, CZ announced that Binance had decided to sell its remaining $FTT holdings: On 2 November 2022, the collapse of SBF’s FTX empire started when CoinDesk published an article (titled “Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet”), which stated that the now bankrupt Alameda Research “had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed” and that “much of it is the FTT token issued by FTX, another Bankman-Fried company.” On Monday (14 November 2022), Binance Co-Founder and CEO “CZ” explained why the call he had on 8 November 2022 with Sam Bankman-Fried (aka “SBF”), Co-Founder and former CEO of insolvent crypto exchange FTX, was a “very expensive” one. ![]()
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