<ul class="news-points"> 
 <li>Binance CEO Changpeng Zhao has revealed that the exchange’s employees are prohibited from trading futures.</li> 
 <li>The crypto exchange already enforces a 90-day hold period for crypto positions by its employees.</li> 
 <li>Binance’s higher executives are reportedly required to disclose trading activity on a quarterly basis.</li> 
</ul> 
<a href="https://coinedition.com/tag/changpeng-Zhao/" rel="noopener noreferrer nofollow">Changpeng Zhao, CEO</a> of the world’s largest crypto exchange, recently <a href="https://twitter.com/cz_binance/status/1692471128940245234" target="_blank" rel="noopener noreferrer nofollow">stated</a> that the employees of his Binance exchange, including him, are prohibited from engaging in crypto futures trading. Zhao’s latest comments came in response to an X (formerly Twitter) user, who indicated that the crypto billionaire was actively trading in light of the recent liquidations. 
The past 24 hours saw one of the worst sell-offs in the crypto market since the beginning of 2023. Data from on-chain analytics firm Coinglass shows that crypto traders suffered losses exceeding $1 billion after their positions got liquidated. Bitcoin (BTC) tanked more than 7% to reach a two-month low of nearly $25,000, leading to the liquidation of $472 million worth of long positions. 
A crypto influencer by the name of BEBE took to X earlier today, claiming that Changpeng Zhao’s BTC pos… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-ceo-changpeng-zhao-says-futures-trading-off-limits-for-employees/">Binance CEO Changpeng Zhao Says Futures Trading Off Limits For Employees</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance CEO Changpeng Zhao Says Futures Trading Off Limits For Employees

Coin Edition

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