Nigeria Bars Crypto Exchanges Binance, Coinbase
Nigeria cracks down on crypto exchanges amid manipulation concerns, impacting Binance globally.
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Nigeria cracks down on crypto exchanges amid manipulation concerns, impacting Binance globally.
Binance responds to the letter from US senators alleging that the world’s largest crypto exchange by trading volume is a hotbed of illegal financial activities.
Unless it can find another service provider, crypto exchange Binance will suspend British pound sterling deposits and withdrawals starting on May 22.
The exchange demonstrated its robustness when about $6 billion of customer funds were withdrawn on Dec. 13, the report said.
Binance CEO Changpeng Zhao said the exchange will launch a crypto recovery fund to reduce the impact of the FTX collapse.
Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.
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