Binance Is Supposedly Separate From Crypto Custodian Ceffu

The company’s users were assured that this evolving identity wouldn’t affect products or user experience.

The SEC expressed concern that Binance.US’ use of Ceffu could breach a previous legal deal.

[{"selector":"#anim-744ecc14-e46e-4695-8cef-b903c77fba63 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-22.30113619556073%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

The agreement prohibits Binance US from using entities affiliated with Binance or Zhao for custody.

[{"selector":"#anim-1bfe993d-0225-4dc8-8b6f-3487fd2d4c07 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(26.947773832722728%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

Ceffu is merely the market name of wallet custody software that Binance Holdings.

[{"selector":"#anim-8a173399-995f-4867-8974-8688eb0b91f9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit: Google

Friday post said it excluded the U.S. from its operations, and that it “strongly reject.

[{"selector":"#anim-106d9966-2ac8-499c-9bc1-b2e4660e512c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-22.959710579722213%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

Binance US did not immediately respond to a request for comment on that apparent contradiction.

[{"selector":"#anim-0077e3d6-d509-4afa-a696-c60484ef89e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit: Google

A spokesperson that Ceffu was provided by or offered by Binance or Binance Holdings.

[{"selector":"#anim-fa22db4d-1991-4aa2-9604-ac1767117f3c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.319901141759743%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

February 2023, our entity was always run independently from Binance activities.

For More Click The Link Below

[{"selector":"#anim-6713bc32-f017-408e-a6ec-a2bf8d0c5866 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit: Google Click Here