Binance's Cyprus Unit Has Applied To Deregister As Crypto Asset Service Provider In Cyprus
Portfolio Pulse from Benzinga Newsdesk
Binance's Cyprus unit has applied to deregister as a crypto asset service provider in Cyprus, according to the country's securities regulator website.
June 14, 2023 | 1:18 pm
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NEUTRAL IMPACT
Binance's Cyprus deregistration may cause short-term uncertainty in the crypto market, potentially affecting Bitcoin prices.
Binance is a major player in the cryptocurrency market, and its deregistration in Cyprus may cause some uncertainty among investors. However, the direct impact on Bitcoin prices is uncertain, as the market is influenced by various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Binance's Cyprus deregistration may cause short-term uncertainty in the crypto market, potentially affecting Ethereum prices.
Binance is a major player in the cryptocurrency market, and its deregistration in Cyprus may cause some uncertainty among investors. However, the direct impact on Ethereum prices is uncertain, as the market is influenced by various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50