Binance News: Cryptocurrency Exchange Secures Regulatory Approvals and Strengthens Compliance Efforts

Binance, a leading cryptocurrency exchange, has made significant strides in regulatory compliance and user safety, securing approvals across multiple countries and expanding its compliance team globally.

Binance Showcases Compliance Gains and Security Protocols

Binance, the cryptocurrency exchange, has secured 21 regulatory approvals across multiple countries in the past year. The exchange now employs over 650 compliance experts globally. CEO Richard Teng emphasized the continued focus on compliance and user safety. Since November 2023, Binance has brought new leadership which drives its efforts to gain additional regulatory approvals and develop advanced compliance systems. The strategic areas of user safety and law enforcement cooperation receive specific emphasis from Binance, demonstrating quantifiable accomplishments.

Rho’s Rate Edge: Interest Rate Derivatives on Arbitrum

Crypto has price derivatives, but interest rate derivatives remain largely untapped. In crypto, interest rates are volatile and critical, with perp funding rates shifting weekly, lending yields fluctuating, and staking rewards adjusting with network dynamics. These rates can significantly impact markets. Rho Protocol aims to leverage these rates, offering traders tools for risk management and returns. It is an interest rate derivatives perp DEX on Arbitrum, currently in a whitelisted beta, offering fixed-expiry futures on crypto’s CORE rates such as perpetual funding (e.g., Binance BTC). Read more at the provided link.