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"In countries where currency depreciation has been greatest, such as Japan, where the dollar to the yen has gained more than 20% since the beginning of the year, bitcoin has lost 35% of its value," shared currency trader Daniel Kostecki of investment company Conotoxia said in a Telegram message.
Given the volatility of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), it's good to keep track of your transaction history and get a better idea where you stand financially. Though tracking down past trades on Binance may seem convoluted at first, it gets surprisingly intuitive once you get the hang of it.
In response to the question of whether sanctioned Russian oligarchs may trade anonymously on Binance, Zhao stated that his entire exchange is based on identity verification. Although Binance used to have lax KYC policies, the exchange strengthened its standards in August of last year.
He then reaffirmed his position, saying that "it is not for us to arbitrarily freeze the bank accounts of some Russian people." "I just don’t believe it’s our decision to freeze user accounts," Zhao stated.
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