We have collected data and statistics on Binance. Similar bans are in effect in China, Japan and Thailand.Įven so, Binance continues to be the largest cryptocurrency exchange by volume, even surpassing Coinbase which has more active users. Several banks have banned its customers from sending money to Binance. It has also launched several security tools aimed at improving trust in crypto, these include Binance Smart Chain, which utilises a proof of staked authority to ensure that a transaction is validated.īinance has suffered somewhat due to investigations in the US and UK into money laundering and tax offenses.
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Register now for our webinar to explore SKAN evolution, Android Privacy Sandbox readiness, and future-proof ad targeting strategies. Prepare for a mobile advertising revolution in 2024. No cash balance or cash flow is included in the calculation.RIP Fingerprinting in 2024: How should advertisers prepare? Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions.
Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented.
General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. In comparison, two major cryptocurrencies, Bitcoin ( BTC-USD) and Ethereum ( ETH-USD), are up approximately 56.57% and 33.22%, respectively, year-to-date.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. It is down about 14.03% so far this year. Given the ongoing regulatory headwinds, Binance Coin has underperformed year-to-date. Aside from the U.S., Binance is struggling in other parts of the world, including Europe.Īs the company continues to struggle, let’s look at how its crypto coin, Binance Coin ( BNB-USD), is performing. For Binance, volumes fell about 70%.īinance.US has a licensing agreement with the largest crypto exchange,, and operates as a separate legal entity. Moreover, Kaiko highlighted that the volumes for cryptocurrencies plunged in the second quarter, with Binance taking most of the hit. Following the lawsuit, market makers and traders fled the exchange in large numbers, noted Kaiko, a crypto research firm. The company added that the job cuts will lead to cost savings, providing it with seven years of financial runway as it will operate as a crypto-only exchange.īinance.US was sued by the SEC in June for violating securities laws. The company said that the SEC’s aggressive stance against the crypto market has adversely impacted its business. Securities and Exchange Commission (SEC). The crypto exchange has been struggling amid growing scrutiny from the U.S. Further, Binance.US will remove over 33%, or one-third, of its employees to remain afloat. Brian Shroder, the CEO of the battered cryptocurrency exchange Binance.US, has left the company.
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