Binance limits daily withdrawals to $2,000 for basic accounts amid regulatory woes

Major cryptocurrency exchange Binance today announced that users who passed only “Basic” verification soon won’t be able to withdraw more than 0.06 Bitcoin (roughly $2,000) worth of funds per day—down from the previous limit of 2 BTC (around $80,000 currently).

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Gone are the 100x BitMEX days: FTX, Binance to restrict leverage to ’20x’ | CryptoSlate

In a recent effort towards protecting their users from incurring more losses, two leading crypto exchanges, FTX and Binance have announced that their users will no longer have access to leverage their trades by up to 100 times again.

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Binance Review: Can the World’s Biggest Exchange Still Cut It in 2021? – Decrypt

What is Binance?
Launched in August 2017 by founder Changpeng “CZ” Zhao, it only took 180 days for Binance to become the largest cryptocurrency exchange in the world—a position it still holds to this day. With its users completing more than 1.

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