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Cryptocurrencies plunge as Binance scraps deal for rival FTX Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday. State of Crypto. The much-debated crypto broker says it's poised to start its SEC-compliant custody with ETH, then will soon add other names and begin a trading operation within months. Feb 9, at a. Binance withdraws application for crypto license in Germany Cryptocurrency exchange Binance said on Wednesday it had withdrawn its application for a crypto license in Germany.