Konsolidacja po nowych rekordach wszech czasów oznacza, że ​​teraz jest czas na kupowanie BTC w „szalenie upartych” warunkach, argumentuje Vailshire Capital.

Bitcoin ( BTC ) wyglądał na gotowego do ponownego przetestowania poprzednich rekordów wszech czasów w czwartek, ponieważ zarządzający funduszem nazwał to „świetną okazją do zakupu”.

Cointelegraph Markets Pro i TradingView pokazały w czwartek codzienny spadek o 3,3% dla BTC / USD, dążąc do nowych poziomów wsparcia.

Perspektywa Bitcoin „dziko uparty”

Po wzroście do prawie 65 000 USD w poniedziałek, Bitcoin zaczął konsolidować się w nowym zakresie, gdy szum wokół udanego notowania Coinbase na giełdzie Nasdaq ostygł.

W chwili pisania tego artykułu największa kryptowaluta była sprzedawana za około 62,600 USD, około 700 USD więcej niż rekord z marca wynoszący 61,700 USD

Według prezesa Vailshire Capital Management Jeff Ross, ten obszar powinien teraz stworzyć scenę dla zmiany oporu wsparcia, który, jeśli się powiedzie, pozwoli na dalszy wzrost BTC / USD.

„Zdrowy, ponowny test poprzedniego pułapu klina konsolidacyjnego. Widok makro: dziko uparty. Analiza łańcuchów: szalenie uparty ”, napisał tego dnia na Twitterze.

„Opinia: cena powinna zamknąć się powyżej starego„ pułapu ”~ 61 250 USD, a następnie wzrosnąć. Świetna okazja, aby kupić przed następnym krokiem wyżej ”.

Sprzedawcy czekają poniżej 70 000 USD

Spojrzenie na księgi zleceń giełdowych potwierdziło apetyt nawet wśród zagorzałych sprzedawców na umożliwienie Bitcoinowi dalszego wzrostu o kilka tysięcy dolarów w krótkich ramach czasowych.

Na Binance zlecenia sprzedaży były najpierw ustawione na 65 000 $, z bardziej znaczącym pasmem oporu na poziomie 70 000 $ i 72 000 $.

Te wyższe poziomy od dawna są przedmiotem zainteresowania analityków, a jeden z nich opisuje je nawet jako „przeznaczenie” na krótką metę.

Inne wskaźniki dotyczące łańcucha wykazały trwałe zaangażowanie inwestorów z całego świata, przy czym całkowita liczba adresów portfeli Bitcoin zawierających 0,01 BTC lub więcej po raz pierwszy przekroczyła 9 milionów.

14,5 miliardi di dollari in opzioni bitcoin sono stati scambiati su Deribit nelle prime due settimane del 2021.

I trader di Deribit hanno già registrato il 25% dell’intero volume di opzioni bitcoin dello scorso anno.

• Dopo aver stabilito un record di 2 miliardi di dollari scambiati lunedì, il volume totale delle opzioni bitcoin (BTC, +0,65%) su Deribit nelle ultime due settimane ha raggiunto i 14,5 miliardi di dollari martedì mattina.
• Nel 2020, tutte le opzioni bitcoin scambiate su Deribit hanno totalizzato poco meno di 57 miliardi di dollari.
• Contribuendo alla sua crescita selvaggia nell’ultimo mese, la borsa con sede a Panama offre ora ai trader puntate alle stelle di bitcoin che raggiungono i 100.000, 200.000 o addirittura 300.000 dollari entro dicembre.
• Alla fine di dicembre 2020, l’investitore Deribit e l’amministratore delegato di Three Arrows Capital Su Zu hanno previsto che nel 2021, „il volume dei mercati delle opzioni diventerà oltre il 50% di tutti i mercati dei derivati crittografici“. Secondo CoinGecko, i mercati dei futures a valuta criptata perpetua hanno riportato oltre 190 miliardi di dollari nelle ultime 24 ore.
• In concomitanza con l’impennata del volume, la volatilità implicita di Bitcoin Pro è in aumento, secondo i dati di Skew. Lo scarto di un mese è attualmente superiore al 135%, il suo livello più alto da marzo 2020, subito dopo il crollo del bitcoin sotto i 4.000 dollari.
• Le opzioni Ether (ETH, +2,47%), sebbene un mercato significativamente più piccolo, stanno vivendo una crescita simile, con un record di 264 milioni di dollari scambiati il 4 gennaio, secondo i dati di Skew, un aumento di oltre il 2.700% rispetto a tre mesi fa.
• Deribit rappresenta abitualmente oltre l’85% del volume giornaliero di opzioni, per dati Skew, con OKEx tipicamente il secondo più grande mercato di opzioni bitcoin che rappresenta circa il 5% del volume giornaliero.
• Al di fuori dei mercati dei derivati, tutti i volumi di trading di cripto-valuta sono in forte crescita, con i mercati spot che raggiungono livelli record, anche superando il picco del 2017, per CoinDesk Research.

Bitcoin explode depois de $37.500 em meio a uma recuperação rápida

Bitcoin mergulhou tão baixo quanto $34.500 na última hora, quando a pressão de venda foi mantida antes do fechamento semanal. A moeda criptográfica caiu tão baixo quanto $35.000 em bolsas de Bitcoin Loophole futuros também, embora os vendedores spot estivessem liderando a correção. Enquanto alguns começavam a temer que uma correção mais profunda estivesse sendo feita, os compradores entraram em níveis técnicos chave.

Desde então, a moeda criptográfica saltou para $38.000 a partir da redação deste artigo

Um analista crypto-asset compartilhou o gráfico visto abaixo na sequência do salto, observando como Bitcoin manteve níveis técnicos chave durante a queda. O gráfico mostra que o mercado de Bitcoin BitMEX manteve o suporte de 35.000 dólares, juntamente com uma série de outras médias móveis que se mantiveram bastante bem nas últimas semanas.

Leitura relacionada: Wall Street Veteran Kickstarts Own Bitcoin Fund Com Investimento de $25m

Altas taxas de financiamento ainda preocupantes

Enquanto Bitcoin aguentou bem a queda, os analistas ainda observam que um motivo de preocupação são as taxas de financiamento extremamente altas observadas nos mercados futuros de crypto-asset.

A taxa de financiamento é a taxa recorrente que as posições longas pagam as posições curtas. Este sistema garante que o preço do futuro gravita naturalmente no preço do mercado à vista ao longo do tempo.

As taxas de financiamento nos mercados futuros de Bitcoin e Ethereum estão inclinadas para o positivo neste momento.

Em Binance, custa aos usuários 0,1% a cada dez horas para BTC longo, enquanto que custa ainda mais em outras plataformas de derivativos.

Custa ainda mais para o Ethereum longo nessas mesmas plataformas.

Mesmo assim, o recente salto convenceu os analistas de que a tendência geral do touro permanece intacta. Um operador observou que o ressalto recente parece extremamente semelhante ao ressalto experimentado pelo BTC no início desta semana, quando mergulhou de forma semelhante na região de US$ 34.000-35.000 antes de voltar mais alto.

Paul Tudor Jones war in letzter Zeit ein großer Fürsprecher der Bitcoin, aber er ist zuversichtlich, dass die Währung in den nächsten 20 Jahren explodieren wird.

Paul Tudor Jones: Die nächsten 20 Jahre werden gewaltig sein

Er ist der festen Überzeugung, dass Bitcoin innerhalb der nächsten zwei Jahrzehnte zu einer Art globaler Währung werden kann und dass praktisch jedes Land der Welt sie in irgendeiner Weise nutzen wird. Er ist auch zuversichtlich, dass Bitcoin und seine Altcoin-Cousins bald auf die gleiche Art und Weise wie Edelmetalle gehandelt werden können.

Bitcoin hat im Jahr 2020 ein verdammt gutes Jahr hinter sich. Der Wert der Währung ist in den letzten Monaten explodiert und stieg von knapp 4.000 Dollar auf etwa 19.000 Dollar zum Zeitpunkt der Abfassung dieses Artikels. Sie hat kürzlich einen neuen Höchststand für sich selbst erreicht, und sie erlebt eine institutionelle Übernahme wie nie zuvor.

Jones sagt jedoch, dass der Gesamtmarkt für Bitcoin zur Zeit der Drucklegung nur etwa 500 Millionen Dollar beträgt. Das mag auf den ersten Blick wie eine große Zahl erscheinen, aber sie ist wesentlich geringer als die 9 Billionen Dollar Marktkapitalisierung, die Gold aufweist. Daher ist er zuversichtlich, dass der Vermögenswert noch viel Raum zum Wachsen hat.

In einem Interview sagte er kürzlich:

Es ist heute unmöglich zu wissen, wie die nächsten zehn oder 20 Jahre aussehen werden, und ich weiß, dass ich, wenn ich wieder eine Position einnehmen müsste, den Markennamen Bitcoin nehmen würde. Ich gehe davon aus, dass es der falsche Preis für die Möglichkeiten ist, die es hat, und ich gehe davon aus, dass der Weg von hier aus in Richtung Norden führt.

Er sagt, Bitcoin erinnere ihn an viele der verrückten Aktien, die in den späten 90er Jahren aufkamen, auch bekannt als die Dotcom-Ära. Er sagt, dass viele dieser Aktien am Ende tot waren, obwohl einige wenige überlebt haben und seither an die Spitze der finanziellen Leiter emporgeschnellt sind. Er glaubt, dass Bitcoin einen ähnlichen Weg einschlagen wird und letztendlich einer der „dominantesten Akteure“ auf dem Markt sein könnte.

Er sagt:

Bitcoin erinnert mich so sehr an die Internet-Aktien von 1999, weil das Internet noch in den Kinderschuhen steckte. Niemand wusste, wie es zu bewerten war, wegen der Welt der Möglichkeiten, die vor ihm lag… Ich denke, Krypto wird auf seinem Weg ein verrücktes Raketenschiff auf und ab fliegen lassen.

Ein paar Sprünge hier und da?

Er sagt, dass der Vermögenswert zwar wahrscheinlich eine starke Zukunft haben wird, aber er ist sich sicher, dass er auch weiterhin hier und da Preisschwankungen ausgesetzt sein wird, und dass Händler mental darauf vorbereitet sein sollten.

In Anbetracht der Tatsache, dass die Anlage innerhalb von acht oder neun Monaten dieses Jahres fast 16.000 Dollar gewonnen hat, sind Händler wahrscheinlich bereits an diese Art von Verhalten gewöhnt. In der Vergangenheit hat Paul Tudor Jones gesagt, dass Bitcoin eines der besten Instrumente zur Bekämpfung der Inflation ist.

The Paxos platform just closed its Series C investment cycle by raising $ 142 million. Partner of the giant PayPal for its cryptocurrency purchasing service, Paxos has received the support of several investment funds.

Paxos enters the big league

U.S. startup Paxos just completed its Series C investment round and has raised $ 142 million , bringing its total funding to more than $ 240 million . Provider of PayPal’s infrastructure dedicated to the purchase, sale and custody of cryptocurrencies, Paxos is one of the preferred platforms for institutions.

Paxos has received the backing of numerous investors, including Declaration Partners, Mithril Capital, PayPal Ventures, RIT Capital Partners, Ken Moelis, Alua Capital, Senator Investment Group and many more.

Their support will help accelerate Paxos‘ international growth, particularly with regard to the issuance of stablecoins and cryptocurrency trading .

The startup intends to maintain its leadership position as a provider of cryptocurrency solutions for the largest companies and financial institutions like PayPal , Revolut , Credit Suisse and even Société Générale .

“Our business has grown tremendously from millions of customers a year ago to billions today through partnerships. And this big change in our structure is part of the reason why we need to raise this capital, to really take advantage of the growth opportunities that we see right now, ”said Charles Cascarilla, co-founder and CEO of Paxos.

Data from The Block Research shows that this Paxos fundraiser is the 10th largest fundraiser among companies in the cryptocurrency industry:

The next industry juggernaut?

Since its collaboration with PayPal , Paxos has gained popularity with institutional investors and its services are highly regarded. There is no doubt that Paxos has probably played a role in the dizzying rise of the cryptocurrency queen in recent weeks. In addition, this new investment comes the day after Bitcoin first crossed the $ 20,000 mark .

In 2021, Paxos will focus on aligning its activities with US laws, in order to offer more services to its users and conquer the North American continent . Last week, Paxos also initiated procedures to be authorized to create a crypto-bank in the United States .

If approved, Paxos would become the first digital asset custodian to be regulated at both state and federal levels. This should open up many doors for it and allow it to operate throughout the United States. To help it in this mission, the company even plans to recruit more than 100 people by 2022 .

Undeniably, Paxos is a player to watch very closely. The startup is growing fast, providing services to multiple ecosystem platforms such as giant Binance , which uses Paxos to issue its stablecoin, BUSD .

Ethereum 2.0 Beacon Chain går live, da ‚World Computer‘ begynder langvarig eftersyn

Den første fase af næste generations proof-of-stake (PoS) Ethereum 2.0 er nu live fra 12:00 UTC tirsdag ifølge Beaconcha.in.

En generaliseret blockchain til decentralisering af computerbaserede applikationer – fra iPhone-spil til statsobligationer – Eth 2.0 har været under opførelse Bitcoin Circuit siden oprettelsen af ​​det nuværende proof-of-work (PoW) netværk i 2015.

Tirsdagens lancering afslutter åbningsakten eller „Fase 0“ af Ethereums konsensusmekanismeovergang, som vil se netværket – hvis oprindelige kryptokurrency, ether, er 70 milliarder dollars værd efter markedsdækning – ændrer fundamentalt, hvordan det afvikler betalinger, mens det er i bevægelse.

„Lanceringen af ​​fyrkæden er en kæmpe bedrift og lægger grundlaget for Ethereums mere skalerbare, sikre og bæredygtige hjem,“ fortalte Ethereum Foundation-forsker Danny Ryan CoinDesk i en e-mail. „Der er stadig meget arbejde at gøre, men i dag fejrer vi.“

Beacon Chain vil være rygraden i en ny Ethereum blockchain, et netværk beregnet til at holde trit med PayPal og Visa med hensyn til behandlingshastighed, samtidig med at de konkurrerer med dem med hensyn til gennemsigtighed og betalingsfinalitet.

Eth 2.0 har mindst to tekniske forhindringer for at nå sin stadigt bevægelige tidslinje: Dynamisk at bryde PoS Ethereum-blockchain i flere datasæt kaldet „shards“ og vedtage Rollups, en gennemløbsløsning til decentrale applikationer (dapps).

Beacon Chain’s kortvarige funktionalitet er ret begrænset.

Ligesom en håndfuld testnet før det hjælper deltagere i Eth 2.0 nu med at „gemme og administrere registeret over validatorer“ ifølge Ethereum-infrastrukturudbyderen ConsenSys. Alligevel forbliver konti og overførsler låst indtil mindst fase 2, mens Eth 1.x-blockchain fortsætter parallelt. Med andre ord kan Eth 2.0 ikke bruges til at betale din elregning tidligst i 2022.

Ethereum er oprettelsen af ​​den russisk-canadiske udvikler Vitalik Buterin, også grundlæggeren af ​​Bitcoin Magazine og medlem af flere tidlige alternative valutaprojekter som Mastercoin. Først annonceret i 2013 på en Bitcoin-konference i Miami, Florida, forestillede Buterin sig et netværk, der er i stand til at udnytte Bitcoins blockchain-arkitektur til formål, der er større end blot en digital valuta – langt uden for grænserne for den pseudonyme bitcoin-udvikler Satoshi Nakamotos oprindelige hensigt.

Som demonstreret i hans tidlige skrifter om emnet, argumenterede Buterin for, at en PoS-konsensusmekanisme ville være central for denne nye type blockchain. Buterin har længe fastslået, at PoS på længere sigt tilbyder højere sikkerhedsgarantier end Bitcoins minedrift-baserede PoW blockchain. Mange Ethereum-udviklere favoriserer også PoS frem for Bitcoins PoW på grund af miljøhensyn.

I regi af Ethereum Foundation blev Eth 2.0s centrale specifikation skrevet af Buterin og andre udviklere kodet til flere programmeringssprog i det, der kaldes klienter.

Beslutningen om at programmere Eth 2.0 på flere sprog er fortsat en hovedårsag til patientens fremskridt mod lanceringen. Faktisk har Ethereum-udviklere flyttet tidslinjer gennem de sidste fem år til mange investorers frustration.

Bitcoin is, in essence, decentralized. This means that there is no central control body within the network. Bitcoin is therefore not controlled by any entity, person or group of people. It is controlled by all members of the network: users, minors, developers.

Bitcoin: a decentralized autonomous organization

The governance of Bitcoin is therefore headless. It is often referred to as a decentralized autonomous organization (DAO) to describe it. Thus, each modification of the source code (defining the rules of the protocol) must be accepted and validated by all the actors of the network. Anyone can submit a source code improvement proposal – these are called Bitcoin Improvment Proposals or BIPs .

Modifying Bitcoin therefore requires a consensus between all the nodes of the network. If anyone can use Bitcoin and come up with improvements, their proposal will be closely studied by all of their peers. This makes the decision-making process quite slow , but this type of governance brings great security to the system.

So, is it true to say that no one controls Bitcoin ? That no one can influence the decisions made for the development of the protocol? Obviously, this is an ideal.

Who changes the protocol?

Some voices carry more weight than others. For example, reputable cryptographers are given more consideration than a simple amateur coder . The team of developers involved in keeping the Bitcoin Core client software up to date, of course, has influence. Large miners also have very important voting power.

If an actor with much of the hashing power of the network objects to an update, they can easily block the decision making. This was the case during the implementation of Segwit in 2017. The disagreement over this modification resulted in the split of the blockchain, and the birth of Bitcoin Cash.

But, to conclude, the ultimate decision-making power rests with the users owning a complete node , that is to say a copy of the blockchain. These are the ones who disseminate and validate the transactions. Thus, they are free to install the version they want of the Bitcoin protocol, via their client software. They can thus accept or reject the modifications made to the protocol.

That is why the Bitcoin exchange rate rose to 19,000 US dollars for the first time in three years

For the first time since 2017, the Bitcoin exchange rate has risen to over 19,000 US dollars. Many indicators suggest that the rally will continue.

On November 24, the Bitcoin (BTC) price reached the $19,000 mark for the first time since the historic rally in December 2017. There are three main reasons by Bitcoin Loophole for this strong momentum in the largest crypto currency.

The main factors driving this current rally are whale accumulation, declining stock supply and explosive volume growth.

Whales still accumulate Bitcoin

Throughout November, Cointelegraph reported that whale clusters were forming steadily as the Bitcoin price rose.

These clusters form when Bitcoin whales buy BTCs at a certain price and do not move them. Analysts have interpreted this as a signal that the whales are accumulating and do not want to sell in the near future.

The difference between the current Bitcoin rally and previous price cycles is that the recent uptrend has proven to be more sustainable. In fact, each whale cluster shows that every major support BTC has been able to secure has been accompanied by whale accumulation.

On November 18, when Bitcoin fell to $17,200, analysts at Whalemap said the new whale support was $16,411. They said:

„Bubbles indicate the prices at which the whales have bought BTCs that they currently hold. Bubbles also visualize the support levels. Last time there was a rebound from $15,762 to $15,762 and a price increase of 15 percent. Will the new bubble hold at $16,411 again this time?“

Since then, Bitcoin has seen several declines below $18,000, but has since recovered to over $18,800 and maintained its strong momentum.

In addition, data from Santiment, an on-chain market analysis platform, shows a similar trend. Mood researchers have noted that the number of BTC whales has increased significantly in recent months. They explained:

„The number of #Bitcoin whales with at least 10,000 coins (currently $185 million or more) has increased to 114 in the last few days. The courses have risen thereby to over 18,000 US Dollar. In addition, the number of owners with at least 1,000 $BTC (18.5 million US dollars) has also reached an all-time high of 2,449!“.

One trend that will continue in this 2020 bull cycle is the steady decline in Bitcoin exchange reserves.

Investors and whales deposit BTC on exchanges when they want to sell BTC. Therefore, the recent decline in exchange reserves means that there are fewer sellers in the market.

The trader „Byzantine General“ said that every time the spot exchanges increase their BTC reserves, they accumulate them. He said to this:

„Every time the spot exchanges increase their $BTC reserves, they are bought up almost immediately. Don’t you understand that? There is literally not enough supply.

Volume is rising sharply

The volume on institutional and spot exchanges has increased rapidly since September. Open interest in Bitcoin futures and options on the CME exceeded $1 billion in November. The BTC/USDT pair on Binance has a daily volume of over USD 1.5 billion across the board.

Today, the market-leading crypto, Bitcoin, once again stunned investors after hitting over $19,000 for the first time since 2017.

Will it break its historical high? Or is a correction in store for you?
Bitcoin scales the skyscraper

At the time of writing, the price of Bitcoin remains above USD 19,000, achieving a cumulative increase over the last three months of 66%. However, it seems to be showing signs of recession.

We’d all like to know exactly what Bitcoin’s next move will be. Is it time to invest?

It seems that everything has been happening very fast, however, Bitcoin has been climbing the skyscraper little by little since Black Thursday in March. Obviously, many crypto-investors are afraid that the history of 2017 will repeat itself, but the set of circumstances that drive it are completely different.

Meanwhile, gold has been running down since August and seems to be moving towards a balanced relationship between buyers and sellers.

However, according to CoinTelegraph’s Joseph Young, based on several data points in the chain, there is quite likely to be a reversal in the price of the leading crypt.

Young evaluated the Spent Output Profit Ratio (SOPR) indicator, stablecoins entries, stacked sales orders at USD 19.00 and the Crypto and Fear Index.

So, although Bitcoin could soon break its historical high, we could see a price decline. Watch out!

Bitcoin Continues Upward Trend Above 18K

Together with Bitcoin, Stellar crypto and XRP are added to the bullfight

Stellar (XLM) has increased by 58% and Ripple (XRP) has experienced a 33.39% increase over the last 24 hours, according to CoinMarketCap.

And, it’s not just these, other altcoins have been experiencing an interesting upturn from the Bitcoin bull run.

In fact, according to TradingView, the price of XRP reached USD 0.92 for less than a minute earlier today.

Stellar’s Rise Makes it Gain Over 50% in Last 24 Hours

Bitcoin Trade at Binance Reaches a High

Bitcoin’s bullish run has led the entire crypto community to live in the moment. Thus, both the total trading volumes and the open interest in Bitcoin futures at Binance have reached historical highs.

According to The Block, the daily volume of Bitcoin at Binance has reached an all-time high, surpassing the previous high set between late 2017 and early 2018.

Coinbase also experienced a significant boom, however, it has not yet managed to surpass its historical maximum crypto.

Here’s why Dan Schulman, PayPal’s CEO, believes in Bitcoin and crypto

Turning Point in Bitcoin Crypt History

Christine Sandler, head of sales and marketing at Fidelity Digital Assets, explained during the Unchained podcast that factors such as the pandemic and productive regulation have helped the leading crypto this year.

Therefore, Sandler considers that 2020 has been a key year for Bitcoin adoption. So much so that Fidelity is considering opening its services to retail investors at some point.

„What we did see in 2020 was a wider adoption of that digital gold narrative, it began to resonate with other institutional investor groups, namely hedge funds, ultra high net worth individuals and later family offices,“ said Sandler.

Tom Fitzpatrick: „Bitcoin will pass the $300,000 mark“

Crypto update ETH 2.0 confirmed

Since the launch of the ETH 2.0 deposit contract on November 4th, the developers have experienced hard moments of suspense. However, today, with 94% of the goal accomplished, the launch of the crypto update was confirmed on December 1st.

• For some weeks, observing the low level of participation of the crypto community, many questioned the possible launch.
• However, in an unexpected turn of events, more than 200,000 ETHs were sent in 14 hours.
• The launch of Ethereum 2.0 was confirmed for December 1st, a few hours before the deadline

In a few lines…

PayPal plans to expand its crypto services in 2021.
Brett Tejpaul, Coinbase’s Head of Institutional Coverage, said institutional investors‘ interest in crypto has tripled.
SBI will borrow a minimum of 0.1 Bitcoin to a maximum of 5 Bitcoin at an annual interest rate of 1% starting today.
Crypto exchange Binance sent mail notifications to crypto users in the US informing that in 14 days their account will be suspended, according to Decrypt.

The crypto exchange Binance is faced with the US regulators. US customers now need to act quickly and transfer their depot.

The crypto exchange Binance is tightening the thumbscrews among its US clientele

Previously, internet portals like The Block had already taken appropriate measuresreported. Using the IP address, Binance was able to locate customers from the USA. They initially received a message asking them to withdraw money from their depot within the next 90 days. With the latest request, Binance is now nailing it. It said the accounts would be deleted within the next 14 days. Anyone who does not tap the credit of their deposit beforehand, their deposits are gone.

The Block Crypto quotes the email to the U.S. clientele as follows:

Please note that according to our terms of use we are unable to serve US persons. Please register for an account with our partner, Binance US. You have 14 days to close your account and withdraw all your funds, otherwise your account will be blocked.

Will Coinbase Benefit From Binance Withdrawal?

However, this step is not entirely surprising. Binance had already announced last year that it would discontinue its service for customers from the USA in the course of the year. So far, however, the control mechanism has been kept very simple: When registering, you only had to click whether you were a US citizen or not. Are there any problems with the regulatory authorities behind this new deadline? A report had appeared in Forbes magazine accusing Binance of dubious maneuvers of deception. The crypto exchange vehemently denied the allegations and even announced legal action against Forbes .

Should Binance’s position on the US market weaken as a result, this would of course be grist to the mills of competitors such as Coinbase. But even there, not everything is going smoothly when it comes to regulation. In a blog post this weekCoinbase announced that it will be removing margin trading from its offering. Coinbase took it out already in 2017, but at the time because of a slide in the price of Rotharium (RTH). Now there could be “more” behind it, as the post from Coinbase suggests. Nevertheless, there is definitely the possibility of offering the service again. To do this, however, an agreement must first be reached with the authorities.