Binance Futures will postpone the listing of USDC-based BTC, ETH, BNB, SOL, and XRP perpetual contracts until January 4
Binance announced that due to significant market volatility and to provide users with a better trading experience, the USDC-based perpetual contracts for BTC, ETH, BNB, SOL, and XRP, originally scheduled to launch on January 3, 2024 at 20:30 (GMT+8), will be postponed and launched on January 4, 2024 at 20:30 (GMT+8).
Binance: A few users are experiencing issues accessing the platform, but most should have been resolved
Binance customer service support team released an announcement stating that they are aware that a few users have encountered issues when accessing the Binance platform. The team is currently handling these issues and in most cases, the problems should have already been resolved.
Data: BNB falls below $300
Binance-BNB/USDT is currently trading at $297.90, with a 24-hour decrease of 5.39%.
BNB exceeded 330 USDT, rising 4.13% in 24H
BNB has broken through 330 USDT and is currently trading at 332.9 USDT, with a 24-hour increase of 4.13%.
Binance Launchpool launches 43rd project Xai (XAI)
Binance has announced its 43rd Launchpool project Xai (XAI), a game blockchain built on Arbitrum. Users will be able to stake BNB, FDUSD, and TUSD in different pools to mine XAI tokens for four days starting on January 5, 2024. Binance will list XAI on January 9, 2024, and open multiple trading pairs.
Binance will remove some spot trading pairs on January 5
Binance will remove the following spot trading pairs and suspend trading: ANT/BNB, DAR/EUR, HIGH/BNB, HOOK/BNB, LOKA/BNB, RPL/BTC, and XTZ/TRY starting at 11:00 on January 5, 2024 (UTC+8). Binance will also remove trading robot services (if applicable) for the above spot trading pairs at the same time. It is strongly recommended that users close and/or cancel relevant spot trading robots before the trading robot services for the above trading pairs are stopped to avoid potential losses.
Wall Street Journal: He Yi holds at least 10% stake in Binance’s Cayman Islands holding company
On January 3rd, it was reported that in the absence of Zhao Changpeng, He Yi became the largest shareholder within Binance, with broad control over its marketing and investment departments. Sources familiar with the board recruitment process stated that He Yi exercised her influence in the election of Binance's new independent majority shareholder board. Insiders familiar with the exchange's financial situation stated that she holds at least 10% of the shares in Binance's Cayman Islands holding company. According to sources familiar with the negotiation situation, during early settlement discussions, the Justice Department had hoped that He Yi would also leave, but it is unclear why this ultimately did not happen. A spokesperson for Binance did not comment on He Yi's role in the case, but stated that the company has acknowledged past mistakes and made improvements. The spokesperson stated that He Yi supported this change.
Binance Adds SOL, NFP, SEI Margin Pairs Among Others
Binance has announced the addition of new borrowable assets and trading pairs on cross and isolated margin. The exchange plans to expand margin trading for popular cryptocurrencies such as Solana, BNB, NFPrompt, and SEI. The new margin pairs are available for immediate trading. Binance has also added NFPrompt and Enzyme as new borrowable assets on cross and isolated margin, and is expanding USDC support on the platform with new pairs such as BNB/USDC. The exchange has also updated its Coin-Margined Futures Liquidity Provider Program.
Binance Futures adjusts leverage and margin tiers for multiple U-based perpetual contracts and coin-based perpetual contracts
Binance Futures has updated the leverage and margin tiers for its USDT-margined perpetual contracts and coin-margined perpetual contracts, as shown in the table below.
Binance CEO: Binance has handled more than 53,000 law enforcement requests in 23 years and invested US$213 million in compliance programs
Binance CEO Richard Teng announced in the 2023 annual summary that the number of registered Binance users increased by 30% to a total of 170 million.Binance's investigation team processed over 53,000 law enforcement requests in 2023 (an increase of 3,000 compared to the previous year) and invested $213 million in compliance plans, a 35% increase from last year's $158 million. Binance also continues to invest in leading KYC suppliers and product solutions.
