The Binance show rolls on, this week bringing a sudden stop to its service in Norway, a potentially huge class action claim by disgruntled whale traders… and they could potentially be looking for investment from Singapore’s sovereign wealth fund.
The latest reports paint a picture of an extremely wealthy company (and founders), one that is facing very different situations in the various jurisdictions it operates in.
Nothing further to do with Norway
On August 27, the world’s largest exchange by trading volumes posted an update titled “Changes to Product Offerings in Norway.” The “changes” appear to be more of a screeching halt, since “effective immediately” Binance would discontinue all Norwegian krone (NOK) trading pairs and payment options, and would even remove Norwegian language website support.
In a further attempt to distance itself from all things Norwegian, Binance noted that it “does not maintain any official Telegram…