Binance Implements Changes as Decentralized Betting Platform Predicts 2024 Elections
1 min read
The 2024 elections and a digital cat sale are the focus for crypto traders on today’s Coin Desk Daily. Host Jen Sei covers the latest news in the cryptocurrency world. According to the Financial Times, Binance, the largest cryptocurrency exchange, is making changes that allow larger traders to keep their assets at independent banks, rather than holding them on the exchange or its custodial partner. This shift comes after Binance faced regulatory issues in the US, resulting in a $4.3 billion fine last year. Taproot Wizards’ debut sale of Bitcoin inscriptions, Quantum Cats, experienced technical issues that led to a delay in the much-anticipated sale. Despite the difficulties, nearly 1000 cats were minted successfully, with the mint being postponed to Thursday. Additionally, traders on the decentralized prediction platform Poly Market have placed their bets on the 2024 US presidential election. 55% expect former President Donald Trump to win, while current President Joe Biden has odds of 38% and Republican Nikki Haley has about 1%. Poly Market, a favorite among traders, does not allow US residents to participate. For more updates, visit coindesk.com. That’s all for today’s Coin Desk Daily. Stay tuned for the next update.
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