Tag: binance

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XRP Demand Surges on Binance, What’s Behind It?

The post XRP Demand Surges on Binance, What’s Behind It? appeared com. XRP, at one point on Thursday, rose as much as 5%, reaching a high of $2. 41 before slightly retreating. According to on-chain data, the rise follows as XRP demand surges on Binance. According to CryptoQuant, Binance traders are piling into XRP even as BTC and ETH positions unwind. CryptoQuant noted in a quicktake post that the last 72 hours on Binance have revealed a dramatic divergence in futures market sentiment among major cryptocurrencies. While traders are aggressively reducing exposure to Bitcoin and Ethereum, they are simultaneously placing bold, bullish bets on XRP, signaling a sharp rotation into the altcoin. Binance Traders Pile into XRP as BTC & ETH Positions Unwind “Traders are using these slight dips to add positions, showing conviction that contrasts sharply with the fear gripping BTC and ETH markets.” By @Crazzyblockk pic. twitter. com/QdXlsJCV2L CryptoQuant. com (@cryptoquant_com) November 6, 2025 Binance contributes the largest share of XRP spot trading volumes, with data now revealing its XRP traders are using the slight dips in the markets to add positions, showing conviction that contrasts sharply with the fear gripping BTC and ETH, as revealed in open interest. Fundamentals lining up A number of developments have also sparked optimism in the XRP Ledger ecosystem in the last 72 hours. Yesterday, Ripple announced a $500 million strategic investment at a $40 billion valuation from world-class institutional investors led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. Ripple also announced it was collaborating with Mastercard, WebBank and Gemini to utilize the RLUSD stablecoin on the XRP Ledger to settle fiat credit card transactions on-chain. This follows its earlier announcement of Palisade, a wallet-as-a-service platform. Ripple USD crossed the $1 billion milestone, with XRPL closing its 100 millionth ledger. According.

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Binance, Buenos Aires to Encourage Sensible Crypto Adoption—But What About Meme Coins?

The post Binance, Buenos Aires to Encourage Sensible Crypto Adoption-But What About Meme Coins? appeared com. In brief The world’s biggest crypto exchange by trading volume, Binance, is working with the Buenos Aires city government to encourage safe crypto adoption. Binance and Buenos Aires want citizens and small businesses to use digital assets. Argentina’s president, Javier Milei, ran into trouble this year after he promoted a meme coin. Binance and the Buenos Aires city government are working together to encourage sensible crypto adoption, they said in a joint statement on Thursday. Binance and the city’s government said they wanted to help “more citizens experience crypto as a tool for empowerment.” “While adoption of digital assets continues to grow globally, so does the need for responsibility and education,” the announcement said. “Crypto’s advantages, such as financial inclusion, borderless transactions, and user empowerment, can only be fully realized when users understand how to manage them safely.”  Residents and local businesses will be encouraged to use digital assets, according to the announcement. Buenos Aires, Argentina’s capital city, has a large crypto community, with people using stablecoins as a way of skirting rising prices. Argentina has one of the world’s highest levels of inflation. The country is among several South American nations where participation in digital asset trading and entrepreneurship have risen. Stablecoins are digital tokens typically pegged to the value of fiat money like US dollars that some tech-savvy users buy to gain exposure to more stable currencies. Argentina faced crypto controversy earlier this year when lawyers filed criminal complaints against President Javier Milei alleging fraud after he advertised a meme coin called LIBRA. The Solana-based token shot up in value before crashing hard, and.

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Binance Expands Footprint In South Korea As France Ramps Up Crackdown

Binance, the world’s largest cryptocurrency exchange by trading volume, has successfully completed its acquisition of South Korean-based digital asset exchange Gopax. Binance’s Gopax Stake Finalized On October 16, industry sources reported that South Korean financial authorities had finalized their review of Gopax’s executive changes, which had been pending for an extended period. Binance initially acquired [.].

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Binance Under Scrutiny in France’s Broader Anti-Money Laundering Review

TLDR French regulators demand that Binance tighten its compliance and risk management systems. Crypto firms in France face expanded AML checks to meet EU MiCA standards. Binance, among several firms urged to enhance anti-money laundering measures. Non-compliance with AML standards could lead to penalties or MiCA disqualification. French authorities have ramped up their efforts to [.] The post Binance Under Scrutiny in France’s Broader Anti-Money Laundering Review appeared first on CoinCentral.

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