9/13/2023 0 Comments Binance news letterNo cash balance or cash flow is included in the calculation.Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the US Securities and Exchange Commission to ensure that US customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Having said that, the currency may hold up well once the legal battle is over and could return to levels seen in 2022, around $330, implying an impressive upside potential.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Has BNB-USD Got a Future?īinance Coin ( BNB-USD), Binance’s native currency, has lost over 29% in the past three months alone owing to the ongoing whiplash. Meanwhile, Binance is strengthening its legal team to fight the SEC by hiring top talent, including former co-director of the SEC’s enforcement division, George Canellos. Rival crypto exchange Coinbase Global ( NASDAQ:COIN) is also facing the SEC’s scrutiny. Earlier this month, the SEC sued Binance.US, Binance, and its CEO, Changpeng Zhao, for alleged securities violations. The SEC is tightening its control over the misuse of customer funds by global crypto players. accounts while the SEC works “to resolve the alleged underlying misconduct and hold Zhao and the Binance entities accountable for their alleged securities-law violations,” said the SEC’s Director of Enforcement. Moreover, the judge ordered that the crypto trading platform can allow customer withdrawals from U.S. assets into them within 14 days of the consent order. to launch new crypto Wallets and transfer all the U.S. Additionally, the judge asked Binance U.S. The order also restricts Binance Global and founder Changpeng Zhao from controlling or monitoring any of the U.S. assets were being transferred out of the country. In a previous court hearing, the SEC was unable to provide evidence to support their claim that Binance’s U.S. Plus, the judge ordered that Binance keep all its regular expenses under control. District Judge Amy Jackson has ruled in favor of Binance, granting permission for its American unit to retain all assets in the United States, despite the SEC’s plea for a broad-based asset freeze. Securities and Exchange Commission (SEC). Cryptocurrency exchange Binance has won at least one aspect of the ongoing legal battle against the U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |