Binance exchange allowed employees to invest in crypto

Cryptocurrency exchange Binance has allowed some employees to invest up to $5,000 in digital assets. This was reported by journalist and analyst Colin Wu on social media.

Binance employees, except for personnel in the listing teams, were allowed to invest in cryptocurrencies each year, including operations on the company's own platform. This innovation was initiated by the former CEO of the exchange, Changpeng Zhao. Last month, he wrote a post lamenting that "strict corporate rules isolated exchange employees from current market trends, making it difficult to make informed decisions and synchronize with the company's strategy."

In response to Zhao's lamentation, Binance's administration revised its approach to employees and found a balance between employee engagement and regulatory compliance. Strict restrictions still apply to listing teams to prevent any possibility of using insider information for insider trading.

Earlier, the cryptocurrency exchange Binance introduced users to the second version of the Alpha platform for early cryptocurrency projects, which is integrated into the trading platform's functionality.