Binance has reportedly eased some of its restrictions on short-term trading by employees. Historically, Binance has forbidden employees from selling crypto assets within 90 days of their acquisition, regardless of their value. With this change, most employees, excluding those on the listing team, will now be able to actively trade up to $5,000 worth of crypto with no minimum holding period.
Founder Changpeng Zhao (CZ), who owns 90% of Binance’s equity according to Bloomberg, stands to lose the most if anyone were to publicize evidence of insider trading by Binance employees. In an attempt to protect the Binance brand, prohibit conflicts of interest, and otherwise prevent unethical behaviors, he used to insist that employees hold digital assets for at least three months before initiating selling transactions.
For whatever reason, he is now accommodating a $5,000 threshold for shorter-term trades.
For context,…
