Changpeng Zhao refuted rumors that Binance was the most profitable trading entity on BitMEX, asserting that Binance had never conducted transactions on BitMEX.
The response stemmed from a post by @ThinkingUSD that went viral on social media. Zhao called it fake news and said he was unclear about the purveyor's motives, given that BitMEX was only processing one withdrawal per day.
- Zhao: Binance has never traded on BitMEX.
- Rumor: Binance is the most profitable entity on BitMEX.
- Additional information: BitMEX processes one withdrawal per day.
Changpeng Zhao's response to the BitMEX rumors.
Changpeng Zhao said Binance does not trade on BitMEX and accused the news outlet of fabricating information.
According to circulating information, the @ThinkingUSD account claimed Binance was the most profitable trading entity on BitMEX. In a direct response, the Binance founder wrote: "Fake news. They are completely fabricating this. I don't know what their purpose is. Binance has never traded on BitMEX."
Zhao did not provide transaction data or additional evidence in his response, but stressed that Binance had never conducted transactions on this Derivative exchange. The message focused on denying the allegations and questioning the motives behind the disseminated content.
Details regarding BitMEX withdrawals.
The accompanying information states that BitMEX only processes one withdrawal per day.
The original text stated that BitMEX only processes one withdrawal per day, but provided no further information on processing times, withdrawal limits, or user impact. This detail emerged as additional context in the debate surrounding rumors involving Binance and BitMEX.
