Binance Eases Employee Trading Rules, Allowing $5,000 Short-Term Trades
Binance has made a significant change to its internal trading rules, now allowing most employees to engage in short-term cryptocurrency trades.
Previously, the exchange imposed a 90-day holding period on any crypto assets, making it difficult for employees to sell their holdings soon after purchase. Under the new policy, staff members—excluding those in the listing team—can now trade up to $5,000 worth of crypto without waiting for the full three months.
Changpeng Zhao, the CEO of Binance, had long enforced strict rules around employee trading in an effort to prevent any conflicts of interest or unethical actions. Historically, he believed that a minimum holding period was necessary to maintain the integrity of the exchange and avoid accusations of insider trading.
READ MORE: Cathie Wood Predicts Memecoins Will Fade, Remains Optimistic About Bitcoin
However, this latest policy shift seems to reflect a change in approach, particularly given the potential for significant market activity with such a large workforce.
With reports estimating Binance’s employee count at between 5,000 and 10,000, this adjustment could lead to millions of dollars in trades being executed by staff members.
Despite this, Binance continues to enforce a zero-tolerance policy toward insider trading. The company remains vigilant, with an internal team dedicated to monitoring for unethical trading activity, as well as offering rewards of up to $5 million for whistleblowers who expose insider trading.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
