![]() “Lack of regulation can be a hindrance to the adoption of the token,” Qureshi says.īinance coin powers the Binance ecosystem, from its crypto exchanges to its blockchain project known as Binance Chain. We’ve reached out to Binance.US repeatedly over the past year for comment on these regulatory issues, but did not receive responses. The Justice Department and the IRS are also reportedly examining Binance’s role in money laundering and tax evasion. The latest is that the Securities and Exchange Commission is investigating the relationships between Binance.US and two firms owned by Zhao. However, both entities, well as Binance founder Changpeng Zhao, have continued to face regulatory scrutiny over the years. The two exchanges operate as separate companies with Binance.US licensing software, trademarks, and wallet technology from Binance, a spokesperson previously told NextAdvisor. regulators unwilling to let American customers trade on Binance. The company created a U.S.-based version of its platform in 2019 to appease U.S. version of the Binance coin.”īinance.US is an American partner of Binance, the world’s largest cryptocurrency exchange by trading volume that was founded in 2017. “They had to set up a separate exchange, Binance.US, and a separate U.S. #BINANCE PRICE FULL#“One of the issues with Binance is that you can’t get full functionality in the United States,” says Omar Qureshi, managing partner of High Tower Wealth Advisors. About Binance Coinīinance coin (BNB) is one of the most popular cryptocurrencies in the market, but you’ll have a hard time buying it in the United States, thanks in part to the fact that the company behind the coin has been caught up in a slew of regulatory problems. It represents how much crypto is bought and sold over a period of time, typically 24 hours. Volume: Higher volume typically means a given cryptocurrency has more market liquidity, meaning more ability for investors to sell an investment when they want to realize a profit. The amount of tokens or coins circulating can be viewed as an indicator of a coin’s demand. Market cap is the total value of a cryptocurrency, and is calculated by multiplying the price of the cryptocurrency with the number of coins in circulation. Market Capitalization: In general, the higher the value of the market cap the safer the investment. Pricing is highly volatile in cryptocurrency, but viewed over time can give investors an idea of how a given coin’s value has gone up (or down) over time. Price: As with any investment, price is where it starts and ends for investors. While everyday investors probably don’t need every last bell and whistle to make informed investment decisions, there are some generally applicable key crypto metrics and indicators worth considering: Crypto Indicators and Metrics for Beginner Investors NextAdvisor’s price tracker shows historical price, trading volume, market capitalization, and other important metrics for investors, especially those who are just starting to dip their toes into crypto investing. Cryptocurrency pricing data can help investors find opportunities in the market and make more informed investment decisions. ![]()
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