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Binance’s dominance in the crypto exchange space is now so strong, you kind of have to feel sorry for its competitors.

While its competitors like Coinbase undergo mass layoffs, Binance has announced a mass hiring plan – which could see its workforce expanded by 30% over the course of 2023. The company already gained 8k employees over 2022.

Binance reached the impressive milestone of commanding more than two thirds of the global crypto exchange market last month, with its closest competitor, Coinbase, only controlling 8.2%. The collapse of FTX was one factor in Binance’s 2.6% market share growth from Q3 to Q4 2022.

In other news, it looks like Binance might be able to acquire Voyager’s assets after all – with a judge giving initial approval of the $1bn acquisition deal. While some still have concerns surrounding Binance’s financials – it can’t be denied that it’s on a roll right now.
Binance Custody launches Binance Mirror to let institutions store crypto with cold custody without having to post collateral directly on the exchange.
Binance gains regulatory approval to offer crypto services in Poland.
Binance has become the most licensed and registered exchange in the world.

https://twitter.com/binance/status/1615982435572785152
The first quarterly burn of 2023, and twenty-second burn ever, of BNB happened this past week on January 17th. About 2.06 million BNB were burned.

A burn is conducted every quarter as part of the process of bringing down the supply of BNB from its initial 200 million total supply to only 100 million, a commitment which was made back in 2017.

BNB is also burned through transaction fees on BNB chain which assist in this supply depletion, albeit at a slower rate. The total supply of BNB is now about 158 million.
Binance to Suspend USD Bank Transfers Feb 8th: Spokesperson

Suspension Expected to Last 'A Couple Weeks' Until New Banking Partner Is Established.
Uniswap DAO votes to deploy the V3 on BNB Chain

The proposal passed the 40M vote threshold with 50M votes "For".
ConsenSys, the parent company of MetaMask, voted in favor of 7 million Uni in the proposal to deploy UniSwap to BSC. The 7 million Uni is delegated to ConsenSys by other people.
Binance Pay partners with the Canadian University of Dubai to enable crypto payments.

https://twitter.com/binance/status/1623575349698129921
2024/09/29 01:19:21
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