Binance employees to adhere to 90-day period prior to trading
The cryptocurrency exchange confirmed its 3-month policy to prohibit insider trading by employees and their relevant family members. Crypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng "CZ" Zhao, have been under a microscope in an attempt to keep the behemoth in line. On Jan. 10, a tweet surfaced regarding the cryptocurrency exchange’s employee policy to prevent insider trading . It claimed Binance employee s of any ranking are not allowed to participate in personal short-term Trading and must hold positions for a minimum of 90 days. Cointelegraph reached out to Binance to confirm its policy and comment on the implications. A spokesperson from the company replied to Cointelegraph that it has a zero-tolerance policy for using insider information for profit by both employees and relevant family members. “Every employee is subject to a 90-day hold on any inve...