Binance u-turns on Russian trading ban, Kraken remains steadfast

Despite calling the measures “unethical,” Binance chief Changpeng Zhao says the company “must continue to lead the industry in implementing these sanctions.”
Despite calling the measures “unethical,” Binance chief Changpeng Zhao says the company “must continue to lead the industry in implementing these sanctions.”
Kraken’s CEO, alongside other exchanges, issued warnings about storing funds with centralized custodians as Russian sanctions pile up.
Binance is blocking crypto traders on sanctions lists but won’t widely ban Russian users, as it would supposedly go against crypto’s values.
OpenSea is now valued at $13.3 billion after a fresh funding round, meaning the NFT market is worth more than exchanges Kraken and Gemini.