Binance Increases Global Law Enforcement Training Program to Meet Growing Demand


Binance Increases Global Law Enforcement Training Program to Meet Growing Demand

We are pleased to announce the official unveiling of Binance’s Global Law Enforcement Training Program. This program, which is the first of its kind in the industry, is designed to assist law enforcement in detecting financial and cyber crimes as well as help them prosecute bad actors who exploit digital assets. Since Binance’s recent expansion of his investigations team, the initiative has seen an exponential increase in its popularity.

Binance supports crime fighters

The Binance Investigations team participated in and conducted more than 30 workshops about countering cyber- and financial crime over the past year. They engaged law enforcement officers from Argentina, Brazil and Canada, France and Germany, Israel and the Philippines, as well as the UK and South Korea.

Tigran Gambaryan is the Global Head of Intelligence and Investigations at Binance. He stated that “as more regulators, law enforcement agencies and private sector stakeholders examine crypto, we are seeing an increase in demand for training to educate on and combat cryptocurrency crimes.” To meet this demand, we have increased our training staff and worked closely with regulators around the world .”

This training program is run by world-class practitioners of the Binance Investigations team. They employ security experts and ex-law enforcement agents including analysts and operatives who have helped to take down some the most notorious criminal networks in the world, such as Silkroad, Hydra, and others.

One-day standard training programs include workshops in person on fundamental concepts of crypto assets and insight into the changing legal and regulatory environment in which they operate. The company’s anti-money laundering policies (AML), as well as the investigative methods used by Binance to detect and prevent criminal activity, are discussed in detail.

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Commitment for proactive compliance

Binance recently received approvals and registrations from Spain, Italy, and France as a result. This makes Binance one of few crypto exchanges to do this within the G7.

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Binance’s number one priority is to protect users. We work closely with law enforcement to trace and track suspected accounts and fraudulent activity, which contributes to the fight against terrorism funding, ransomware and human trafficking. Gambaryan is a former special agent for the Internal Revenue Service-Criminal Investigation (IRSCI) Cyber Crimes Unit.

No BTC Fees – Quick Liquidity Update

Main Takeaways

  • Binance offers zero-fee trading for a variety of popular BTC trading pairs.
  • Binance’s BTC/USDT pairing has increased its market depth by approximately 50% since the start of this promotion, and now has better liquidity.
  • Trading fees don’t come as a cost of using an exchange. Users must also be aware that liquidity problems on order books can lead to hidden charges.

We have now completed over two months of zero fee trading. It’s time for a quick overview on the facts and figures as well as the benefits. We’ll be taking a quick look at liquidity, and then we’ll dive into some basic stats to give you an overview of the promotion thus far.

BTC traders can enjoy zero taker and maker fees for a variety of spot trading pairs to celebrate five years of Binance. We’ve already discussed the benefits of liquidity and the reasons for the removal of fees. We felt now was a good time to bring you the most recent information on market liquidity and depth.



Continuous Improvement in Market Depth

Our last article on liquidity highlighted a significant improvement in market depth for trading BTC. Let’s recap briefly what market depth is, and what the measure we use to evaluate it.

The market depth measure measures volume of asks, and bids at price levels within a 2% range on both sides. The measure is higher when there is more volume in the order book to match orders at the mid-price level. This increases liquidity. Binance users are able to execute larger market orders, with less volatility and price spikes.

Now, let’s take a look at BTC/USDT. This pair accounts for 70% of all trading volume among the 13 pairs at the time. There has been a 53%* improvement since the campaign began. This can result in faster orders being filled and lower price slippage for anyone who trades BTC to USDT or vice versa.

*Based on publicly available data, compare the daily average between 10 June and 7 July (4 weeks before the effective date) and 9 July to 9 Sep (10 weeks after).

Why Does Market Depth Matter?

When using an exchange, trading fees are not the only cost you should consider. Poor liquidity on order books can lead to hidden costs. We have already covered how Binance has some of the most competitive prices in the market. Its market depth, low slippage rates and narrow bid-ask spreads give it the best possible pricing.

When liquidity is better, you are more likely to get what you want. Users can trade with the best efficiency possible when they combine this with a zero fee structure.

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BTC Zero-Fee Trading Keeps Striving Forward

This is not a one-off event. Users continue to reap the benefits of this campaign, including liquidity, depth and spreads. Log in to Binance to see the difference zero fees makes to BTC trading.

Refer to the following articles for more information about our fees and liquidity:

Warning! Digital assets are subject to volatility and high market risk. Your investment’s value can fluctuate and you may not receive the amount that you invested. Binance cannot be held responsible for any loss you may suffer. You are solely responsible. Past performance does not necessarily predict future results. Only invest in products that you are familiar with, and where you fully understand the risks. Before making any investment, you should consider your financial situation, investment goals, risk tolerance, and investment experience. This material is not intended to be considered financial advice. See our Terms of Use and Risk Warning for more information.


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