Read more
XTB Online Trading

BREAKING: Binance layoffs put pressure on Binancecoin

3:44 PM 31 May 2023

The Block reported that Binance has laid off some employees who did not fit Binance's corporate culture and were inefficient. However, the cryptocurrency exchange added that the decision was not a matter of adjusting the size of the company, but an assessment of its talent and expertise in key business units. Following the news, BINANCECOIN is losing slightly because investors see the news as a signal of slowdown inside the crypto industry. Binance is the biggest crypto-exchange in the world.

 

Source: xStation5

Share:
Back

Market News

12.05.2025
10:59

Chart of the day: USDIDX (12.05.2025)

The U.S. Dollar Index gained nearly 1.1% at its peak today, reflecting market relief over new trade arrangements between China and the United States. The...

 08:14

US100 gains 3.5% on the US-China agreement 🚀

Shortly after 08:00, the first reports emerged regarding a potential temporary agreement between China and the U.S. to reduce trade restrictions. Details...

 07:41

Economic calendar: Calm before the CPI, China-US talks in focus, WASDE report (12.05.2025)

After a series of central bank decisions, markets are getting a breather thanks to an almost empty macroeconomic calendar—providing a pause before...
More news

Join over 1 400 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits