![]() ![]() Research from Finder in November 2022 estimated that around 3.3 million Australians own cryptocurrency. Former Binance Australia CEO Leigh Travers claimed in a December interview with The Sydney Morning Herald that the crypto exchange had reached a user base of one million. The halt could potentially impact a substantial number of Australian crypto users and investors. This service suspension follows recent action by the Australian securities regulator, which revoked Binance Australia Derivatives' financial services license after reviewing the local operations of Binance. ![]() The company further reassured its users by stating: Your funds are safe due to the Secure Asset Fund for Users (SAFU), an insurance fund that offers protection to Binance users and their funds in case of extreme situations.ĭespite the announcement, AUD deposits and withdrawals were reportedly still functional. The crypto exchange's P2P marketplace will continue to operate normally. The company emphasized that users can still buy and sell crypto using credit or debit cards. In light of these challenges, Binance is now seeking to find an alternative provider to resume AUD deposit and withdrawal services. The spokesperson for Binance confirmed that the suspension was effective immediately, although the exact timeline for the withdrawal functionality remains unknown. El exchange, que usa los gráficos de TradingView, ha ampliado rápidamente sus pares y volúmenes de operaciones en las últimas semanas. ![]() The statement came in response to the crypto exchange's earlier notice that AUD deposits via bank transfers were no longer available for Binance users in Australia. Binance DEX es un exchange descentralizado, sin custodia y de código abierto basado en la cadena de bloques de Binance Chain, una división de la red Cosmos. Binance Australia clarified further by stating: Bank Transfer withdrawals are likely to be impacted and we will update users on the timeline once we have confirmation. The service looks and feels very similar to the popular Ethereum DEX. A DEX that lets you trade Ethereum tokens at a lower cost than other DApps native to the Ethereum ecosystem because its built on top of the Ethereum mainchain. Even though Binance operates a centralized exchange service, it does not control or operate PancakeSwapit was built by anonymous developers. In its Twitter thread, Binance Australia highlighted that bank transfer withdrawals are expected to be affected as well. It is built on automated smart contracts deployed on Binance Smart Chain, the blockchain platform run by crypto exchange Binance. ![]()
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