Today, Samuel McCulloch posted on twitter photos of a $150 million lawsuit against FTX derivatives exchanges. FTX is a U.S. geo-restricted exchange associated with hedge fund Alameda Research, operated by Sam Bankman-Fried. Unregistered Securities Like many crypto derivative exchanges, FTX blocks and bans any U.S. IP address attempting to use features of the site. This
Binance.US, like Bakkt, had a slow start. Things are finally coming together though, as Binance.US announces an on-ramp feature along with an increase in volume. Starting today, users can purchase 23 different crypto assets with their debit cards. Binance offers some assets that Coinbase does not, such as Ravencoin, Cosmos, Algorand, Dogecoin, Tether and IOTA.
Today, Binance announced that they would be increasing leverage available on their futures exchange from 100% to 125%. This beats out FTX, whose leverage was sitting at 101%, mostly so they could say they offered more leverage than BitMex. Still, Binance has not included cross leverage on their platform which pulls from your wallet instead
Binance was once a place where Americans could easily access a huge pool of altcoins with decent exchange features. It allowed people to search for the diamond in the rough altcoins that might a huge upside. By the same token, those pipe dreams of mooning altcoins took large amounts of money out of the American