The cryptocurrency exchange industry is going through two massive developments. On one hand, Binance (BNB), the world’s largest crypto exchange, has landed in controversies, and is facing existential threats in many countries. On the other hand, a new crypto trading platform, Tradecurve, has won the hearts of traders and investors across the globe.
TCRV’s presale is about to rake in $20 million during its presale round, which is more than what Binance could raise during its token sale, i.e. $15 million. Therefore, experts are convinced that the former can easily oust the latter to grab the top position.
Binance (BNB) Is Struggling For Its Survival
Binance (BNB) has been facing issues on multiple fronts for the past many months. The latest blow to Binance (BNB) came from Westpac, the oldest bank in Australia. Westpac has announced a ban on crypto transactions for some exchanges, including Binance (BNB).
While imposing a transaction ban on Binance (BNB), and other crypto exchanges, the bank stated that its decision was aimed at reducing “scam losses.” It is another setback for Binance (BNB), which is already being investigated by the Australian Securities and Investments Commission (ASIC) for allegedly violating laws.
Binance (BNB) has hit an operational roadblock in Australia after a third-party service provider cut off its service. Thus, Binance’s (BNB) Australian arm will not be able to facilitate Australian Dollar bank transfers using PayID. However, Australia-based users will be able to sell and buy crypto using their debit or credit cards.
In addition to Australia, Binance (BNB) is faced with regulatory attacks in other countries too. Recently, Canada issued a slew of guidelines to regulate the operations of crypto exchanges in the country.
Due to these stringent measures, Binance (BNB) has announced plans to wind up its business in the North American region. Meanwhile, the US authorities have filed a lawsuit against the crypto exchange, and its CEO Changpend Zhao, for allegedly violating market laws.
These events have caused a 10% drop in the value of Binance (BNB), which is currently available to trade at $309.12.
Tradecurve Presale Is Raking In Millions
The crypto world, especially traders, suffered a massive blow when the FTX exchange collapsed in November 2022. It caused a steep decline in the popularity and trustworthiness of crypto exchanges. While traders are jittery about the existing crypto exchanges, a newly-launched trading platform, Tradecurve, is expected to turn the tide.
The market size of the global cryptocurrency exchange platform is expected to grow at a CAGR of 27.8% from 2022 to 2030. Hence, the volume of crypto trading will increase, and the new platform is set to gain the most.
Tradecurve is a state-of-the-art blockchain project that allows users to execute the trades for cryptocurrencies, OTC derivatives, equities, forex, bonds, CFDs, and commodities, on the same platform.
The platform aids traders in maintaining absolute privacy, and anonymity while finalizing trades. Tradecurve utilizes DeFi capabilities, and does not require traders to go through the KYC process. On the contrary, other crypto exchanges like KuCoin and OKB require users to disclose their personal data.
The project saw its presale stage 1 being sold out before the due date. Currently, a token can be purchased at $0.012, which was $0.01 at the time of the launch. It has been predicted that the platform’s value will skyrocket by 3000% during the presale phase, and 100x later this year. The multi-chain platform is also targeting to onboard 100,000 clients within the first 3 months of its listing.
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