What is Binance?

Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands . Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

Is Binance really banned by the FCA?

Binance, the world's biggest cryptocurrency exchange, has, it is reported, been "banned" by the FCA. But the truth is slightly more complicated than that, says Saloni Sardana. Here's what actually happened and what it means for crypto-investors.

How much has Binance withdrawn in the past 24 hours?

LONDON, Dec 13 (Reuters) - Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world's biggest crypto exchange said it had "temporarily paused" withdrawals of the USDC stablecoin.

What happened to Binance?

“The Binance Group acquired BML May 2020 and has not yet launched its UK business or used its FCA regulatory permissions.” Binance suspended withdrawals last month, announcing on Twitter that it had stopped withdrawals around lunchtime on May 10.