Binance Processed Nearly $346M of Bitcoin Trades

Binance Processed Nearly $346M of Bitcoin Trades- Check out the story here

[{"selector":"#anim-7fe5184d-bf62-43ba-b821-e4d6fa0238b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Binance processed $345.8 million worth of bitcoin transactions for crypto exchange Bitzlato, Reuters reported Tuesday, citing data by blockchain research firm Chainalysis. Arrow

The world's largest crypto exchange by trade volume, Binance, according to the story, did 205,000 transactions with Bitzlato

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About $90 million worth of bitcoin transfers were carried out after August 2021, according to the report

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Binance last week was named as one of Bitzlato's top 3 counterparties by the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN).

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Neither Binance nor Chainalsysis immediately responded to CoinDesk's request for comment.

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Bitzlato was shuttered last week and its founder arrested in Miami after being charged by the DOJ with money laundering.

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The world's largest crypto exchange by trade volume transacted the figure across 205,000 transactions between May 2018 and Bitzlato's closure last week.

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