Binance announced they wanted to support a “regulatory framework” for crypto, and the exchange has replaced FTX in buying the failed Voyager Digital's assets.
published by the likes of CoinDesk noted how Zhao’s answers have done little to quell anxieties about the company.Monday. Binance does not list an official headquarters, meaning it rarely, if ever, discloses financial information that other public companies regularly do such as its liabilities, costs, and revenues.
Though Binance is a private company, the Reuters report noted it analyzed filings in the 14 jurisdictions the company claims it is registered, and noted there was “scant information” pointing to just how well the company is doing. The company has made it clear that most of its revenues come from transaction fees, and Zhao himself has claimed they do not have any venture capital investments and they don’t owe “anybody any money.
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