- Colin Wu announced that Binance has imposed new restrictions on crypto asset investments for employees.
- The company has set the maximum investment amount at $5,000 per year.
- Before that, employees were only required to wait an extended period of time before a new deal.
This was announced by journalist Colin Wu, citing his sources.
According to Wu, Binance has notified employees of adjustments to the policy limiting investment in crypto assets on the platform. According to the notice, investment is limited to $5,000 per year.
In addition, the notice does not apply to employees in the listing department of new crypto assets. Wu did not specify whether and what other restrictions apply to them.
Incrypted's editorial team has reached out to exchange representatives for comment on the matter. We will update the story when and if we get a response.
What Was This Policy Like Before?
In 2018, former Binance CEO Changpeng Zhao told Yahoo Finance that the exchange allowed employees to store cryptocurrency. However, they had to get permission to trade it and also wait up to 30 days before making a new trade.
According to Zhao, this rule has been in effect at the company since it started operations. However, the policy appears to have been tightened later;
In August 2023, Zhao declared that all employees, including himself, were prohibited from trading in the futures market. Employees of the product testing department, in turn, had certain quotas.
At that time, it was also reported that the waiting period before selling previously purchased crypto-assets was increased to 90 days. This was later confirmed by Binance co-founder Yi He.
Over time, Zhao appears to have changed his mind, at least in part. In a post on X (formerly Twitter) in February 2025, he noted that the trading ban could lead to Binance managers having a poor understanding of users' needs.
In March 2024, a scandal emerged. Binance accused of insider trading in BOME tokens. The company has denied this and offered a cash reward for evidence to the contrary.
