![]() ![]() The DAX (Deutscher Aktienindex) is a German stock index that is calculated based on the 30 major companies that are currently being traded on the Frankfurt Stock Exchange. The FTSE 100 Index (Financial Times Stock Exchange 100 Index) is a share index that measures a section of the London Stock Exchange, considering the top 100 companies by market capitalization. Other examples include the FTSE 100 and the German DAX indexes. When compared to the DJIA, the S&P 500 is considered by many as more a reliable representative of the US stock market performance. The index is based on a weighting methodology, and a committee selects the component companies. The S&P 500 is an American stock market index that considers the market capitalization of 500 large companies. Despite being one of the most cited stock market indexes, the DJIA is constantly criticized due to its small sample and to the fact that it does not consider the market capitalization or the relative size of a company. Therefore, the index is no longer a simple arithmetic average, but a price-weighted index. However, the divisor (Dow Divisor) have been adjusted multiple times to reflect structural changes, such as stock splits or stock dividends. Initially, the Dow Jones Index calculation was made by a simple arithmetic average, where the sum of the prices of all stocks was divided by the number of companies in the list. The DJIA (Dow Jones Industrial Average) and the S&P 500 (formerly Standard & Poor’s 500) are some of the most notable and well-known examples of financial indexes.Ĭurrently, the DJIA index represents the performance of 30 large US companies. Therefore, a 5% change in a certain index should represent a 5% change, on average, of all stock markets that are being considered in the calculation. Each index follows a particular set of rules and calculation methodology, but ideally, the value variation of an index should reflect an exactly proportional change in the stocks. Within financial markets, indexes are often based on a list of various stock quotes and are commonly used to track the performance of the stock market, through a statistical measure of changes - acting as a small sample that represents a bigger portion of the stock market as a whole. It may also be described as a financial instrument used to represent a group of individual prices or data points.Īn index is usually calculated as a single value from an array of prices and quantities during a certain period, making it a useful tool for tracking the price of a given asset or basket of assets. It offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants through the ICO process.A system that measures the value of something in contrast to its previous values or another defined standard or benchmark. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. Understanding Binance Coin (BNB)īinance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. We are continuing to monitor the situation closely. According to the SEC, the two companies, which operate Binance.US, misrepresented trading controls and oversight, operated unregistered exchanges, broker-dealers, and clearing agencies, and participated in the unregistered offer and sale of securities to U.S.-based investors. On June 5, the SEC charged Binance Holdings Ltd., BAM Trading Services Inc., and their founder, Changpeng Zhao, with various securities law violations. 17, 2023, in response to the Securities and Exchange Commission (SEC) lawsuit filed against Binance.US on June 5, 2023. dollar deposits, withdrawals, and trades on Oct. This came just one month after Binance paused all U.S. Binance agreed to pay $4.3 billion to settle charges Changpeng Zhao stepped down as CEO and agreed to pay $50 million toward the settlement. 21, 2023, Binance and its CEO, Changpeng Zhao, pleaded guilty to money laundering charges.
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