Binance Security Incident Puts Crypto Settlement Delays in Focus
Photo: TokenPost
A security incident involving Binance has renewed discussion among crypto market participants about settlement delays and transaction reviews as the industry seeks a larger role in U.S. financial markets. Banks, payment networks and clearinghouses in traditional finance review suspicious transfers and can sometimes interrupt the movement of funds. Some institutional investors are reconsidering similar safeguards for crypto markets. Tian Zeng, CEO of crypto hedge fund Third Eye, favors completing settlement in one hour, compared with the one-day timeline he cited for traditional finance.
Source: TokenPost
