Controversial Binance CEO Starts Bitcoin Price War

Binance, the world’s largest cryptocurrency exchange, launched what is likely to become an all-out price war by offering zero-fee bitcoin trades on more than a dozen currencies and stablecoins. No other cryptocurrency exchange that comes close to Binance in terms of size. On Tuesday (July 12), its spot trade volume was $10.5 billion and derivatives more than $41 billion. Binance retreated from markets throughout Europe and Asia last year after regulators accused it of operating without a license. In November, CEO Changpeng “CZ” Zhao reacted to the onslaught of enforcement actions by promising to create an actual headquarters for the firm, starting with creating a full compliance feature for every global users, he said. Source