By Tobi Loba
The CEO of Binance, Changpeng Zhao, popularly known as CZ, has recently acknowledged that the cryptocurrency exchange Binance is still a growing baby.
The CEO also admitted that he has not withdrawn any of his accrued cryptocurrencies since the emergence of the crypto exchange. He shared these moments ago via his Weibo account.
He wrote, “Looking at the wallet, I found that the valuation is a pie. I haven’t cashed in since Binance. Binance is still a baby and continues to grow with her.”
Binance Partners with Shyft Network to Launch Global FATF Travel Rule Solution
In the quest to advance and improve its services, the Binance exchange has sealed a partnership with the Shyft network to implement decentralized infrastructure in order to comply with the Financial Action Task Force (FATF) Travel Rule.
The FATF Travel Rule requires Virtual Asset Service Providers (VASPs) to share Personal Identifiable Information (PII) and Know-Your-Customer (KYC) between qualifying institutions when effecting transactions for senders and receivers.
Shyft Network provides the first end-to-end decentralized solution to the FATF Travel Rule. The open-source network solution rendered by Shyft Network enables counterparties to establish data-sharing rules and meet multi-jurisdictional requirements.
Binance Peer-to-Peer (P2P) Web Version Now Online
Binance has some hours ago announced the release of the web version of its Peer-to-Peer trading platform.
This new development gives users direct access to buy and sell several cryptocurrencies using Chinese Yuan (CNY), Vietnamese Dong (VND) or Russian Rubles (RUB) with zero transaction fees at p2p.binance.com.
Binance to Cease Trading On Some Trading Pairs
Binance has as well announced its move to remove some trading pairs from its trading platform. According to the exchange, Trading will cease on GO/BNB, NAS/BNB, OST/BNB, SNM/ETH, VIA/ETH trading pairs on 28th February 2020, at 12:00 PM (UTC).
Howbeit, the above assets can still be traded in other trading pairs that are available on the cryptocurrency exchange.