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I think the article was suggesting that the volume of trading exceeded the store of assets on Binance.US and as such required funds be transferred from Binance
by kamranjon 4y ago
I think the article was suggesting that the volume of trading exceeded the store of assets on Binance.US and as such required funds be transferred from Binance proper because it had a much better volume:exchange ratio.
- mikeyouse 4y agoRight - and the Binance.US TOS tries to maintain that they are not related parties with Binance even though they share common owners: As part of an effort to offer digital asset trading technology to its customers through the Binance.US platform, BAM Trading entered into licensing agreements with Binance Holdings Limited ("Binance"), which operates the world’s largest digital asset exchange. BAM Trading and Binance share common majority ownership, but are not within the same corporate structure. The article is exactly right afaict.
- vgatherps 4y agoThis doesn’t follow - if I’m an HFT firm I’ll turnover the same assets many times back and forth.