Binance continues to lead as the largest crypto trading platform in terms of global transaction volume. As the exchange turns seven years old, reports show Bitcoin (BTC) assets on the rise.

Centralized exchanges such as Binance and Coinbase facilitate the buying, selling and trading of cryptocurrencies by acting as intermediaries between buyers and sellers.

Binance's Bitcoin Exchange Reserve Increased by 10%

CryptoQuant founder and CEO Ki Young Ju reported that Binance Exchange's Bitcoin holdings have increased by 10 percent since the beginning of 2024. On other exchanges, it was observed that BTC assets decreased by 8%. This report comes after Binance announced its seventh anniversary on Wednesday with a new limited-time referral promotion. Qualifying users will share the token coupon of up to 700 BNB.

"When the user ('referrer') successfully invites a new Binance user, the referrer will receive a 0.01 BNB token coupon and the new user will receive a 0.005 BNB token coupon."

Regulatory Woes

Despite these milestones, Binance has been experiencing regulatory troubles with authorities from different jurisdictions lately. For example, the U.S. Securities and Exchange Commission (SEC) charged Binance with allegedly artificially inflating trading volumes.

“Thirteen charges allege that Binance CEO Changpeng Zhao and Binance entities engaged in an extensive web of deception. Conflicts of interest, lack of disclosure, and calculated evasion of the law are some of the other crimes,” wrote SEC Chairman Gary Gensler.

The financial regulator also accused Binance of diverting customer funds and failing to restrict US customers from its platform. He also reportedly misled investors about market surveillance controls. Other violations include enabling the trading of crypto tokens, which are considered securities.

Coinbase Status

On the other hand, Coinbase, the largest US-based crypto exchange, is among the exchanges with decreasing Bitcoin assets. This is particularly interesting given that Coinbase has a competitive advantage as the custodian of most spot Bitcoin ETF (exchange-traded fund) issuers in the US. However, Spencer Hakimian, founder of Tolou Capital Management, states that Coinbase's role among ETF issuers may be a problem.

PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.

My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.

Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who will benefit?

Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.

I EXPLAIN IN DETAIL.

My brothers and sisters who have become a Binance member without reference, please listen carefully;

When you do what I say, you will receive 10 USDT.

  1. Enter the Futures Section from your application,

  2. On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.

The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can get it done in 5 seconds.

Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.

WHEN WILL THE AWARD COME?

Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.

You can help your friends in need by sharing this post.

BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.