Binance Employees Will Be Able to Trade Cryptocurrency

Cryptocurrency exchange Binance has made changes to its corporate policy, easing restrictions on digital asset investments for employees. The exchange’s management expects this to increase their knowledge and engagement in the digital asset market.

Binance employees, excluding staff on listing teams, are allowed to invest up to $5,000 in cryptocurrencies annually, including transactions on the company's own platform, Chinese crypto journalist and analyst Colin Wu reported on social media.

The change was spearheaded by the exchange's former CEO, Changpeng Zhao, who tweeted in February that strict corporate rules had isolated the exchange's employees from current market trends, making it difficult to make informed decisions and align with the company's strategy.

In response, Binance decided to rethink its approach and find a balance between employee engagement and compliance, while still maintaining strict restrictions for listing teams to eliminate any possibility of insider trading.

Binance is offering rewards of $100,000 to $5 million to anyone who reports credible information about abuse and fraudulent behavior by its employees. Binance noted that the exchange's security department is constantly monitoring and has the right to prosecute anyone involved in such activities.

Источник: cryptocurrency.tech