Travala did a lot of volume with Monero after advertising it for years in the Monero community.
After Binnace aquired it, it was one way to make OGs sell coins and keep a constant flow of Monero to counter Binance fractional reserve scheme. If you think about it - it was genius.
Then Binance delisted Monero and Travala delisted the same day. Huge red flag.
Ever since Travala is a pita to use. Many times they block accounts for weeks if a tx hits their risk score.
Interesting theory. Consistent with what hanshan was saying. Something about holding monero on exchange even sadder than BTC on exchange.
Wait
binance owns trivala?
Not sure if directly or via shell. But yes.
Binance aquired a few infrastructure companies like CMC.
They also run and ran many of the instant swap CEX.
After having had a closer look, the Binance offer for Travala didn't go through. So more correct would be Travala being a Binance front with close cooperation and indirect ties. Maybe one can find something if looking closer. WazirX was/is also a Binance owned/connected CEX but claims around ownership were always conflicting. It seems that Binance prefers to pull strings from behind.
