Binance News: SEC Drops Case Against Cumberland, Following Kraken Dismissal
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Big News: SEC Drops Case Against Cumberland
The SEC has dropped another case, this time against Cumberland, a global leader in providing 24/7 access to deep crypto liquidity. This decision follows the SEC’s recent dismissal of its case against Kraken Exchange. Cumberland announced that it has signed a joint filing with the SEC to dismiss the case against them. The filing was agreed upon between Cumberland DRW and SEC staff on February 20 and is currently pending Commission approval.
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Binance Shuts Down P2P Cash Zone for In-Person Crypto Trades
Binance has announced the shutdown of its P2P Cash Zone feature on March 31. This service allowed users to trade crypto for cash through registered merchants. Users have been informed to transition to online payment methods for peer-to-peer trading. The decision was made to focus on Binance’s CORE services and continue developing innovative solutions. This change does not affect other P2P trading services.
