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Binance Futures to launch FETUSDT perpetual contracts as AI cryptocurrencies surge

Binance Futures will launch FETUSDT perpetual contracts on January 17, 2023, with leverage of up to 20X.

Binance Announces Support For Terra Classic (LUNC) Upgrade

In the announcement that was made on Friday, Binance revealed that it would be supporting the Terra Classic (LUNC) network upgrade. The upgrade which will be taking place on epoch 15,029 is a result of the LUNC community voting to pass Proposal 11242 which eliminates the re-minting of a portion of the burn tokens. 

Binance Now Authorized in 7 EU Countries — Sweden Becomes Latest Member State to Give Approval

Crypto exchange Binance is now legal to operate in seven European countries following the latest approval by Sweden’s financial regulator. Overall, Binance has been approved to operate in 15 jurisdictions, including seven EU countries. Cryptocurrency exchange Binance announced Thursday that its Swedish entity, Binance Nordics AB, “has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).” Binance explained: "Sweden becomes the seventh EU Member State in which Binance has been granted authorization, following authorizations in France, Italy, Lithuania, Spain, Cyprus, and Poland." (Bitcoin.com)

FET Becomes Reserve Asset for Binance As AI Token Popularity Rises

Fetch.ai (FET)has become a listed token on Proof of Reserves (PoR) for a number of exchanges, including Binance, Huobi and Bitfinex, according to Glassnode data.

Binance Obtains Approval in Sweden to Fuel Europe Expansion

Binance, the world’s largest cryptocurrency exchange, has received regulatory approval from the Swedish Financial Supervisory Authority to operate as a financial institution to manage and trade in virtual currency, as part of the exchange’s continuing expansion in Europe. Binance said in a Wednesday statement that the latest registration means that Swedish residents can access the company’s crypto services, including euro deposits and withdrawals. (forkast)

Binance Says it Plans to Expand Hiring by as Much as 30% in 2023 as Rivals Cut Jobs

Binance, the world’s largest cryptocurrency exchange by trade volume, is planning to increase its staff numbers by 15% to 30% in 2023, chief executive officer (CEO) Changpeng Zhao said Wednesday at the Crypto Finance Conference in Switzerland. “We will continue to build and hopefully we will ramp up again before the next bull market,” Zhao said at the crypto conference, according to CNBC. The Binance CEO added that the exchange is “not super efficient” right now and will aim to be better organized. (forkast)

Binance Registers in Sweden Alongside Other Expansion and Hiring Efforts

Binance has been granted permission to operate in Sweden, according to an announcement published by the cryptocurrency exchange on Jan. 11.

Binance to Expand Into Sweden With New Crypto Trading License

Sweden now becomes the seventh EU member state to grant Binance an operating license after France, Italy, Spain, Cyprus, Lithuania, and Poland.
Binance to Expand Into Sweden With New Crypto Trading License

Binance Annual Revenue Grew Tenfold in the Last Two Years, but Not Without Challenges

Binance maintained hockey-like growth since 2021 despite the crypto market downturn, according to on-chain data provider Cryptoquant. Sharing its findings on Tuesday, Jan 10, the firm noted that the exchange’s annual revenue topped around $12 billion in 2022, growing ten times over the past two years.

Swedish FSA Grants Binance Seventh Regulatory Approval in EU

Binance today announces that Binance Nordics AB has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA). This follows months of constructive engagement with the regulator.