Fake Crypto News Panic, Binance Gains Users as Market Share Falls? Asia Express
OUR weekly summary of news Since East Asia curators THE industry most important developments.
Binance secret sauce, Bitget gets goingCryptocurrency exchange Binance that he grown up It is user count by 30% year on year has 170 millions.
According to has Binance 2023 Annual Report on December 28, It is expansion efforts appear has be unaffected by It is recent $4.3 billion with THE WE. Department of Justice on money whitening fresh.
THE report States that during THE year, THE business increase It is ramp features, with 431 tokens listed, 112 decree coins supported, And on 970 payment methods available has It is clients. THE farm Also extended It is compliance budget Since $158 million In 2022 has $213 million In 2023, A 35% growth.
Despite A overvoltage In customer Numbers, several (including Binance ) reported THE Exchanges place walk share fell Since 55% has THE to start of THE year has as weak as 30.1% by December (according to has CCData).
It is new compliance concentrate CEO, Richard Teng, has that THE exchange "East totally different" that When he concentrate on A pure growth strategy during It is early years. Currently, THE exchange East concentrate on building It is Infrastructure Since THE United Arab Emirates as GOOD as France, And works In 18 global jurisdictions.
THE CCData report Also watch OKX growth It is share Since 4% has 8%, And Bybit increasing Since 1% has 6%.
In the meantime, crypto exchange Bitget emerged Since largely unheard of of A couple of years There is has A place walk share of by November 2023 (according to has CoinGecko), with upper rankings In THE derivatives category. In It is 2023 Annual Goodbye, Grace Chen, manager director of Bitget, said that THE exchange NOW has A combined 20 million users through It is subsidiaries, largely due has It is $30 million investment In multi-chain wallet BitKeep And It is has Bitget Wallet. In September, THE exchange rolled out A $100 million Web3 funds dedicated has regional Exchanges, data analytic businesses, And media electrical outlets Operating In THE ecosystem.
On THE other hand, O.G. exchange HTX, Previously Huobi Global, has seen sick fortunes For a lot of 2023. A report by CoinGecko suggests that THE Exchanges place walk share has 8% compared with has A all the time of 22% In 2020, although he always ranks among THE high three. HAS THE beginning of 2023, A on pay And functioning terms was crushed by senior management. Shortly After It is , HTX suffered A double whammy Or It is ecosystem And network of related companies In two month. Justin Sun, THE of facto owner of THE HTX exchange, has promised has repay users For all losses.
Fake crypto epileptic crisis screenshot draw panic In ChinaA allegedly fake screenshot of police approving THE epileptic crisis of cryptocurrencies East provoking A stir In THE Web3 community In China.
In A clarification job by THE City of Fuzhou Public Security Desk, police said that THE circulated screenshot, which alleged that law enforcement civil servants approved THE epileptic crisis of 38,000 Ether (ETH) And thousands of Bitcoin possesses by stranger people detained on A Chinese Web3 protocol, was false.
"After verification, THE relevant content was FAKE information," THE Fuzhou the Internet Police wrote. "We remind Internet users not has TO DO, believe, Or propagated rumors. THE public security organs will seriously crack down on the Internet rumors In compliance with THE law And maintain A to do the housework the Internet environment.
THE initial panic sets off by THE screenshot was likely powered by It is allusion has reality. In July 2023, Chinese cross chain protocol Multichain was After It is CEO, Zhaojun He, was stopped by police And has not has been heard Since Since. HAS THE time, on $1 billion value of digital assets Since both Chinese And stranger users had has been secure on THE protocol And stay irrecoverable. For a lot of last year, Chinese police to have has been on prominent Web3 executives In THE country And confiscate protocol assets without due process.
OUR weekly summary of news Since East Asia curators THE industry most important developments.
Binance secret sauce, Bitget gets goingCryptocurrency exchange Binance that he grown up It is user count by 30% year on year has 170 millions.
According to has Binance 2023 Annual Report on December 28, It is expansion efforts appear has be unaffected by It is recent $4.3 billion with THE WE. Department of Justice on money whitening fresh.
THE report States that during THE year, THE business increase It is ramp features, with 431 tokens listed, 112 decree coins supported, And on 970 payment methods available has It is clients. THE farm Also extended It is compliance budget Since $158 million In 2022 has $213 million In 2023, A 35% growth.
Despite A overvoltage In customer Numbers, several (including Binance ) reported THE Exchanges place walk share fell Since 55% has THE to start of THE year has as weak as 30.1% by December (according to has CCData).
It is new compliance concentrate CEO, Richard Teng, has that THE exchange "East totally different" that When he concentrate on A pure growth strategy during It is early years. Currently, THE exchange East concentrate on building It is Infrastructure Since THE United Arab Emirates as GOOD as France, And works In 18 global jurisdictions.
THE CCData report Also watch OKX growth It is share Since 4% has 8%, And Bybit increasing Since 1% has 6%.
In the meantime, crypto exchange Bitget emerged Since largely unheard of of A couple of years There is has A place walk share of by November 2023 (according to has CoinGecko), with upper rankings In THE derivatives category. In It is 2023 Annual Goodbye, Grace Chen, manager director of Bitget, said that THE exchange NOW has A combined 20 million users through It is subsidiaries, largely due has It is $30 million investment In multi-chain wallet BitKeep And It is has Bitget Wallet. In September, THE exchange rolled out A $100 million Web3 funds dedicated has regional Exchanges, data analytic businesses, And media electrical outlets Operating In THE ecosystem.
On THE other hand, O.G. exchange HTX, Previously Huobi Global, has seen sick fortunes For a lot of 2023. A report by CoinGecko suggests that THE Exchanges place walk share has 8% compared with has A all the time of 22% In 2020, although he always ranks among THE high three. HAS THE beginning of 2023, A on pay And functioning terms was crushed by senior management. Shortly After It is , HTX suffered A double whammy Or It is ecosystem And network of related companies In two month. Justin Sun, THE of facto owner of THE HTX exchange, has promised has repay users For all losses.
Fake crypto epileptic crisis screenshot draw panic In ChinaA allegedly fake screenshot of police approving THE epileptic crisis of cryptocurrencies East provoking A stir In THE Web3 community In China.
In A clarification job by THE City of Fuzhou Public Security Desk, police said that THE circulated screenshot, which alleged that law enforcement civil servants approved THE epileptic crisis of 38,000 Ether (ETH) And thousands of Bitcoin possesses by stranger people detained on A Chinese Web3 protocol, was false.
"After verification, THE relevant content was FAKE information," THE Fuzhou the Internet Police wrote. "We remind Internet users not has TO DO, believe, Or propagated rumors. THE public security organs will seriously crack down on the Internet rumors In compliance with THE law And maintain A to do the housework the Internet environment.
THE initial panic sets off by THE screenshot was likely powered by It is allusion has reality. In July 2023, Chinese cross chain protocol Multichain was After It is CEO, Zhaojun He, was stopped by police And has not has been heard Since Since. HAS THE time, on $1 billion value of digital assets Since both Chinese And stranger users had has been secure on THE protocol And stay irrecoverable. For a lot of last year, Chinese police to have has been on prominent Web3 executives In THE country And confiscate protocol assets without due process.
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