Investors are jumping ships to TMS Network (TMSN) as Kucoin (KCS) and Binance (BNB) Lose Value
Investors are flocking to TMS Network’s (TMSN) presale as KuCoin (KCS), and Binance (BNB) tokens experience a decline in value. TMS Network’s promising prospects have piqued the interest of many crypto enthusiasts, causing a shift in investment focus.
KuCoin (KCS) might be violating strict regulations; the token sells for around $9.25
KuCoin (KCS) serves as a cryptocurrency exchange platform that enables buying and selling a wide variety of digital assets, including Bitcoin (BTC), Ethereum (ETH), and many other altcoins. Recently, KuCoin (KCS) has come under speculation for acting against regulatory compliance.
Inca Digital has released a report stating that KuCoin (KCS) permits customers of Russian banks that are currently under sanctions to trade cryptocurrencies. KuCoin (KCS) allows them to transact on its exchange platform using their debit cards. The report says KuCoin (KCS) might have approved Sberbank, a debit card provided by Russian banks to access trade. This action by KuCoin (KCS) could potentially breach sanctions imposed by the United States and Europe. Thus, KuCoin (KCS) may face regulatory scrutiny.
It has caused its native token price to fall by over 2% in a month. Currently, KuCoin (KCS) is trading at $9.25.
Binance (BNB) wins a new bid, but various factors halt price growth of over $332
Binance (BNB) recently won a bid to buy Voyager’s assets. The company proposed $1 billion during the auction. However, the US government was against the Binance (BNB) community’s plan to own Voyager’s assets. Thus, they filed a bid against it, and appealed to keep the proceeding on hold. But, the US bankruptcy judge recently permitted Binance (BNB) in a court filing to buy the assets.
Binance (BNB) expected a spike in its price after the court favored it, but there was no such scenario. The value of the Binance (BNB) token has decreased substantially. Its price has fallen over 50% since its peak in May 2021. This decline in Binance (BNB) could be due to several factors, such as fluctuations in the market, and worries over regulations. Additionally, there is an increase in the general lack of trust from investors on the Binance (BNB) platform.
Currently, traders can buy the Binance (BNB) token at $331.33.
TMS Network (TMSN) is set to provide a positive trading experience to global users
The concept of a decentralized trading platform for traditional traders has given a spotlight to TMS Network (TMSN). The platform has received great feedback from its early investors. It indicates that TMS Network (TMSN) is on the way to success, and will soon gain a huge user base.
Many offerings by TMS Network (TMSN) make it an exceptional choice for traders. For example, TMS Network (TMSN) offers a non-custodial portfolio management solution that gives traders complete control over their assets. Thus, it eliminates the involvement of third parties and allows TMS Network (TMSN) traders to enjoy secure trading.
The platform also enables straight-through processing (STP). TMS Network (TMSN) traders’ orders are sent directly to liquidity providers via STP, without going through a dealing desk. It enables faster transaction times across TMS Network (TMSN) ledger. Additionally, it eliminates price manipulation and interference that may occur in a dealing desk model.
TMS Network (TMSN) has entered its 2nd presale stage, with its token priced at $0.039.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
The post Investors are jumping ships to TMS Network (TMSN) as Kucoin (KCS) and Binance (BNB) Lose Value appeared first on CryptoMode.
