Binance fees on base or quote10/13/2023 The prospect of this happening is "highly improbable," Guseva said. As lawmakers introduce more bills, some analysts are wondering if Congress can cobble together some sort of statutory reform for crypto markets. We have crossed from regulation by enforcement to hubris most foul."Ģ. Ripple's chief legal officer Stuart Alderoty, meanwhile, responded to the SEC's allegations with the following statement: "Even if true, this only shows that the SEC's unelected bureaucrats believe they have unchecked power to issue indiscriminate closed door edicts under pain of punishment to those who don't blindly obey. Analysts are closely watching the outcome of this case - and await an answer to the question as to what and when digital assets are considered securities. In April, Ripple denied the SEC allegations that XRP has traded and used as a digital currency. The SEC also alleges that Ripple Labs Inc., a San Francisco-based cryptocurrency payment company, sold unregistered securities with its native coin, XRP. is not fully predictable," said Yuliya Guseva, a law professor at Rutgers University and head of the school's blockchain and fintech program.ġ. "The future of crypto-asset regulation in the U.S. Will this dissuade retail investors and scare off potential crypto investors? The SEC also charged Coinbase, the only publicly-traded crypto exchange company, with illegally operating an unregistered securities exchange.Ī cloud of uncertainty hangs over the regulation of crypto exchanges, and has helped to push down cryptocurrency prices. The SEC charged Binance, the world's largest crypto exchange and founder Changpeng Zhao with mishandling customer funds, and illegally serving U.S. Though the lawsuits contain different allegations, both contend the companies ran unregistered securities exchanges. This week, the Securities and Exchange Commission sued two other major exchanges - Binance and Coinbase. Last year, Bitcoin tumbled from its 2021 perch - and 2022 ended with the implosion of the cryptocurrency exchange FTX. You will see that "Volume" is followed by "Close time" and then "Quote asset volume", so "Volume" is equivalent to "Base asset volume" -the format OHLCV is classical so the name "Volume" was retained as well as its position.įinally one can think of infinitely many other values measured in terms of base or quote assets: price of 1kg of cauliflowers, volume of trades/buys/sells of that pair in that time interval, from a given country, broker, volume of orders passed at odd Unix times, or multiples of 17, or whatever.A cloud of uncertainty hangs over the regulation of crypto exchanges, and has put pressure on cryptocurrency prices You may check the standard spot market data on Binance. "Volume" alone is usually (probably always) expressed in the base asset unit. Here we are considering volume, the volume traded is fixed for a given time interval, we usually express it in either of the asset traded, but we might as well express it in any other unit which can be converted to BNB for the times at which trades occurred (all withing the given time interval), for instance in USD -though we could nitpick on this. Base asset value X is the value X measured in the base asset unit, and quote asset gives the same value X but in unit of the quote asset. Hi Lhotse, You always trade pairs, for instance BNBBTC with BNB the base asset and BTC the quote asset.
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