Zinger Key Points
- The CFTC has charged Binance with violating trading and derivatives regulations in a lawsuit filed in federal court in Chicago.
- Jim Cramer has been warning investors about the cryptocurrency market.
- Today's manic market swings are creating the perfect setup for Matt’s next volatility trade. Get his next trade alert for free, right here.
Jim Cramer, the popular host of CNBC's Mad Money, says he doesn't want anything to do with Binance.
In a tweet on Friday, Cramer said that, after listening to former Commodity Futures Trading Commission (CFTC) chairman Tim Massad, he would not do business with Binance and that the crypto exchange was "just way too sketchy." In response, Binance CEO Changpeng Zhao sarcastically posted an emoji of a folded hand, indicating a sign of thanks.
Twitter users also couldn't stop talking about Cramer's tweet.
One user mentioned Silicon Valley Bank, which Cramer had recommended investors purchase stocks of before the bank's collapse.
Another user said Cramer had become a meme.
A third user offered a different opinion than Cramer, claiming that Binance is "soaring" at the moment and that the crypo exchange doesn't care about recent unflattering coverage it has received from the press.
Photo: Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
