Binance US incapaz de garantir parcerias bancárias: WSJ

• O braço norte-americano da exchange cripto liderada por Changpeng Zhao, a Binance US, não conseguiu garantir acordos de parceria bancária com bancos no país. 
• As recentes falências do Silicon Valley Bank (SVB) e do Signature Bank deixaram a principal bolsa dos EUA sem um parceiro. 
• The crypto exchange is holding clients funds via financial technology firm Prime Trust, which is storing clients’ funds via its banking partners. 
• The exchange recently stated that it was “transitioning to new banking and payment service providers over the next several weeks.”

---

Binance, the world’s biggest crypto exchange by spot trading volume, has become a concern for many regulators following the demise of Sam Bankman-Fried’s FTX in 2022. The US arm of the Changpeng Zhao-led crypto exchange has been unable to secure banking partnership deals, and it seems that the crypto exchange is losing credibility in the region due to regulatory troubles. The crypto exchange is unable to find a partner to serve as a fiat on-ramp and off-ramp for its clients in the United States. 

Conforme um relatório do Wall Street Journal em 8 de abril, as recentes falências do Silicon Valley Bank (SVB) e do Signature Bank deixaram a Binance US sem um parceiro. É crucial observar que os dois bancos eram conhecidos por apoiar empresas criptográficas e tinham fundos depositados de várias instituições focadas em cripto. 

Citing people familiar with the matter, Binance US is currently dependent on the middleman’s banks to store funds on its behalf. One of the factors contributing to this situation is the Securities and Exchange Commission’s (SEC) and state regulators’ behavior towards banks with crypto clients. 

Barney Frank, a member of the Signature Bank board and a former Congressman known for co-authoring the Dodd-Frank Act following the 2008 market collapse to prevent a global crisis, recently told an interviewer that the bank had a “solid loan book,” and if the regulators had allowed the financial institution to open, they “could’ve continued.’ Frank believes that the regulators closed the bank to prove that “crypto is toxic.” 

“They closed us even though there was no good, compelling reason to do that because they wanted to show that banks shouldn’t be involved in crypto,” said Frank.

Outro evento importante a ser mencionado aqui é que a US Commodity Futures Trading Commission (CFTC) sued Binance Holdings and its CEO Changpeng “CZ” Zhao por supostas violações comerciais. O regulador disse que a Binance estava operando ilegalmente nos EUA e está investigando se a Binance ajudou usuários dos EUA a acessar títulos não registrados.

It is a fact that the US arm of the Binance crypto exchange needs a banking partner to hold clients’ funds directly so that these funds can be used for transactions. However, banks are hesitant to do so. The crypto exchange has been the focus of a CFTC investigation since 2021. The crypto firm’s attempts to make partnership deals with banks such as Cross River Bank and Customers Bancorp, have failed.

O braço americano da Binance disse que seus serviços foram afetados pela falta de uma parceria bancária direta e, como resultado, disse that it “was transitioning to new banking and payment service providers over the next several weeks.” The exchange stated that some USD deposit services would be temporarily impacted during the transition.

“We work with multiple US-based banking and payment providers and continue to onboard new partners while upgrading our internal systems to create a more stable fiat platform and offer additional services,” a spokesman for Binance.US told the WSJ.

It is also crucial to note that, as of now, Binance US is holding client funds via financial technology firm Prime Trust. A spokesperson from Prime Trust revealed that all the funds are stored through the firm’s banking partners. 

Últimas notícias