What does Binance announce about not owning something?

3 answers

• Afri AndyDec 08, 2023 · 2 years ago
  Binance recently announced that they do not own or have any control over a specific asset or currency. This means that Binance is not responsible for the price movements or any issues related to that particular asset. It is important for users to understand that Binance is simply a platform for trading and does not have ownership or control over all the assets listed on their platform. Users should conduct their own research and make informed decisions before trading any asset on Binance.
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• Hede WebsterJun 30, 2024 · a year ago
  In a recent announcement, Binance clarified that they do not have ownership of a specific asset or currency. This means that Binance is not involved in the development, management, or control of that particular asset. Binance's role is to provide a secure and reliable platform for users to trade various assets, but they do not have any influence over the price or performance of individual assets. It is important for users to understand this distinction and make their own investment decisions based on their own research and risk tolerance.
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• SIMI AOct 23, 2024 · 10 months ago
  Binance, one of the leading cryptocurrency exchanges, recently made an announcement regarding not owning a specific asset or currency. This announcement emphasizes Binance's commitment to transparency and clarifies that they are not the owners of every asset listed on their platform. Binance acts as an intermediary, facilitating the trading of various cryptocurrencies, but they do not have direct ownership or control over these assets. This announcement serves as a reminder for users to exercise caution and conduct thorough research before engaging in any trading activities on Binance or any other exchange.
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