Share this article
Binance Processed $346M of Bitcoin Trades for Crypto Exchange Bitzlato: Reuters
Bitzlato was shuttered last week and its founder arrested in Miami after the Justice Department charged the platform with money laundering.
Updated May 9, 2023, 4:06 a.m. Published Jan 24, 2023, 12:54 p.m.
Binance, the world's largest crypto exchange by trading volume, processed $345.8 million worth of bitcoin (BTC) transactions for crypto exchange Bitzlato, Reuters reported Tuesday, citing data by blockchain research firm Chainalysis.
According to Reuters, Binance processed 205,000 transactions in behalf of Bitzlato between May 2018 and last week, when Bizlato shut down after the U.S. Department of Justice charged it and its founder with money laundering.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
About $90 million worth of bitcoin transfers were carried out after August 2021, according to the report, which was when Binance said it would start demanding stricter background checks from customers in order to fight financial crime.
Binance was named as one of Bitzlato's top three counterparties by the U.S. Treasury's Financial Crimes Enforcement Network.
Neither Binance nor Chainalysis immediately responded to requests for comment.
Read more: Crypto Exchange Bitzlato Converted Over $1B in Crime-Linked Assets, Europol Says
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
What to know:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
