Traders in China appear to be more concerned about the future of Huobi and OKEx.
The exchange is building a payment bridge with crypto-fiat gateway Alchemy Pay.
The move follows the FCA's announcement that Binance cannot conduct regulated activities in the country.
The token began the day at $18.26 and climbed to $27.56 after the announcement from Binance, according to data from Messari.
The Enforcement Directorate is investigating Chinese-operated betting apps that have collected more than $134 million over the last 10 months.
Users in some European countries will be unable to open new derivative positions, effective immediately.
Data underscores that It’s not that easy to win over a crypto trader’s heart.
“We are looking for someone with a strong regulatory background to step in and be CEO,” Changpeng Zhao said at a press conference Tuesday.
The announcement comes hours after CEO Changpeng Zhao tweeted that Binance was reducing the maximum leverage users can use to trade futures contracts.
"We didn't want to make this a thingy," Binance CEO Changpeng Zhao posted Monday on Twitter, a week after making the change.
The software development studio cited an "evolving regulatory landscape" in making its decision.
The bank joins Santander and Barclays among major banks blocking U.K. customers from purchasing crypto on Binance.
Also, Circle might be an attractive "starter stock for the cautious" when it goes public, according to one analyst.
Here are three reasons why the stablecoin's tremendous growth has screeched to a halt.
Hong Kong's Securities and Futures Commission said no entity in the Binance Group is registered to conduct any regulated activity.