Binance is responsible for almost all Bitcoin (BTC) spot trading — with over 98% of transactions passing through the centralized exchange between Feb. 18-19.

Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone bankrupt.” The U.S.-based crypto trading platform stressed that “only Binance.US employees” have access to its bank accounts, denying the allegation that global crypto exchange Binance has “secret access.” (Bitcoin.com)

Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over the past 24 hours.

With the impending demise of the Binance USD coin, effectively canceled by U.S. regulators, multiple private and public entities have expressed interest in working with the world’s largest cryptocurrency exchange on a similar initiative, according to Binance’s chief strategy officer, Patrick Hillmann. “There are very interesting opportunities, particularly in Europe and the Middle East,” he told Forbes, though he would not provide further details.

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Binance’s chief strategy officer, Patrick Hillmann, revealed Wednesday that the cryptocurrency exchange expects to pay fines to settle existing U.S. regulatory and law-enforcement investigations, the Wall Street Journal reported.

Bloomberg reported that Binance is considering ending relationships with its US business partners due to increasing regulatory scrutiny from US authorities.

One wallet accumulated $500,000 worth of GNS tokens at an average price of $7.38, starting on Feb. 8 and buying more tokens 20 minutes before Binance's announcement.

Blockchain investigator Lookonchain identified two crypto addresses that cumulatively made over $200,000 from Gains Network’s GNS token sales after it was listed on Binance.

Binance CEO asserts that the exchange is not planning to cut ties with US-based intermediary companies.