Cryptocurrency Q&A
Is Busd owned by Binance?
Is Busd owned by Binance?
CryptoNinja
Sun Jun 30 2024
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7 answers
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The question arises: Does the popular cryptocurrency Busd, which has gained significant traction in recent times, have a direct ownership link to the equally renowned crypto exchange Binance? The questioner seeks clarity on whether Busd is indeed owned by Binance, as such a relationship could have significant implications on the stability, liquidity, and overall value of the digital asset. Clarifying this ownership structure is crucial for investors and enthusiasts alike to understand the broader ecosystem and potential risks involved.
7 answers
lucas_emma_entrepreneur
Tue Jul 02 2024
It is essential to understand that BUSD is not issued by Paxos, a financial services company, nor is it subject to the regulations of the New York State Department of Financial Services.
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SapphireRider
Tue Jul 02 2024
Despite this, BUSD enjoys widespread acceptance and liquidity within the cryptocurrency community.
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amelia_harrison_architect
Tue Jul 02 2024
Traders can buy, sell, and exchange BUSD on various popular trading platforms.
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KpopHarmony
Tue Jul 02 2024
Binance-Peg BUSD is a digital asset offered by Binance, a renowned cryptocurrency exchange.
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Elena
Tue Jul 02 2024
Among these platforms are non-custodial exchanges, such as Binance DEX, which offer users the freedom to manage their own funds.
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