- Binance received a court approval that enables the exchange to invest customer funds in US Treasury bills
- Crypto community shows enthusiasm towards the announcement of the court approval.
- BNB is up 5% in the past 24 hours.
Binance received court approval on Friday, allowing it to invest certain customers’ fiat funds in US Treasury bills. Following the announcement, the BNB token saw a 5% rise as crypto community members debated the potential impact of this approval on Ethena’s USDe token.
BNB rises following court approval of Binance’s investment proposal
Cryptocurrency exchange Binance received a court approval that permits the investment of customer fiat funds into US Treasury bills. The court filing by the District Court of Columbia revealed that the exchange can only invest certain customer holdings under BitGo custody.
The exchange must also ensure that the investments stem from corporate assets…
