Cryptocurrencies
Bitcoin Turns Crypto Haven as Biggest Exchange Plans to Restrict U.S. Users
- Binance to develop a separate platform for the U.S. market
- Facebook’s planned token launch adds to crypto uncertainty
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Bitcoin is serving as a refuge for much of the rest of the cryptocurrency market.
The largest digital asset gained as much as 2.4% to $8,463 Friday while just about all the so-called alt-coins such as Ether, Litecoin and EOS were in the red. The flight to safety follows an announcement by Malta-based Binance that it will no longer be able to provide services to U.S. traders starting in September. The world’s biggest crypto-trading platform updated its terms of service to say it is instead launching a separate exchange for Americans.