Binance records significant outflow of Bitcoin reserves, Tradecurve to offer global liquidity on its hybrid exchange

Binance is sued by the SEC, closely followed by a lawsuit against Coinbase. As centralized exchanges fall from grace, decentralized exchanges like Tradecurve and PancakeSwap become ever more important.  

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Binance sued for selling unregistered securities

Another day, another drama (or two!). Such is the world of crypto especially when it comes to centralized exchanges and SEC.  Over $300 million flowed out of Binance after the news as some investors got spooked.  Binance’s famous CEO ‘CZ’ reassured Crypto Twitter by tweeting the number 4.  This is a code referencing a tweet he sent on the 2nd of January, about his new year’s resolutions. “4. Ignore FUD, fake news, attacks etc”.

The exchange has been accused of various things, including co-mingling of funds.  Certain emails were leaked that do not paint Binance in a very good light.  Nevertheless not all is lost for the exchange who intend to defend themselves.  They say that they are not worried since “Binance is not a US exchange, the SEC’s actions are limited in reach”.

They also condemned the SEC for its ongoing vilification of crypto saying:

“As with other crypto projects facing similar suits, the Commission has determined to regulate with the blunt weapons of enforcement and litigation rather than the thoughtful, nuanced approach demanded by this dynamic and complex technology.”

Shortly afterwards the SEC sued Coinbase as well.

Could Tradecurve be the solution?

As money flowed out of Binance, it flowed into decentralized exchanges (DEXes), like Tradecurve.  A separate DEX – Curve, saw its trading volume grow by 167% over 24 hours.  This is especially interesting as Curve’s main focus is swapping stablecoins, showing that people have no interest in holding their money in the fiat, preferring to stay in crypto.

Crypto’s third most popular DEX, PancakeSwap, gained 267% in 24 hours bringing the total to $215 million.  This increase in DEX trading isn’t limited to recent events though, as Uniswap has been outpacing Coinbase for the last four months, according to information from CCData.

The overall DEXes’ trading volume went from $1.2 billion to $3.09 billion in the 24 hours after the Binance news.

So where does Tradecurve fit in? The project, which is currently in presale, aims to bring the best of both worlds to crypto, being a DEX but offering CEX-like features such as a professional trading terminal, and access to financial derivatives such as stocks, bonds, indices, commodities and of course, crypto.  Unlike many existing DEXes, they offer low latency ultra-fast order execution, and very low fees.

As they are based outside of the US, and perhaps more importantly, built on the Ethereum blockchain, they are outside of the purview of the SEC and its regulatory restrictions.

Traders can trade anonymously, without having to provide KYC.  All they need is an email address and a decentralized wallet such as those offered by MetaMask or Exodus.

Tradecurve’s token is TCRV and is currently in the 3rd stage of presale.  TCRV is currently on offer at $0.015, and as it has a minimum launch price of $0.088, current investors are still early.  Market analysts predict a further rise of 100x after it goes live on Uniswap and other exchanges.

For more information about the Tradecurve presale:

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