The cryptocurrency exchange's rivals boost on britain's crackdown binance.
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Crypto News
Here are some of the key points:
The U.K.’s Financial Conduct Authority recently moved to block Binance, the world’s top crypto exchange, from operating in the country.
While Binance can continue offering crypto trading services to Brits, it was ordered to notify users that it is not authorized to operate in the U.K.
The FCA’s crackdown on Binance has benefited a number of its rivals, including Bitstamp, Kraken and Gemini.
Britain’s move to block Binance is boosting rival cryptocurrency exchanges, which have reported a surge in new users in the country recently.
The Financial Conduct Authority recently announced a crackdown on Binance, the world’s top crypto exchange by trading volume, restricting the company from carrying out regulated activities in the U.K.