Dear Partners!

In the past few days, we have been received several questions about the news of Binance’s European withdrawal. The most of them were whether if Binance leaves the EU, will the system on which Mosaic Alpha operates be shut down? We would like to clarify this now!

In short: Mosaic Alpha’s operations are not affected in any way by Binance’s decision.

The misunderstanding is understandable, as the names are similar. However, it is important to make a distinction between two independent areas:

Binance is a centralized crypto exchange, a company that offers the purchase, sale and account management of cryptocurrencies. It is the one that did not obtain the necessary MiCA license in the EU and is therefore scaling down its European services. (The exchange itself is not going away either: they announced that they will apply for a new license and existing users’ funds will remain accessible.

BNB Chain (formerly known as Binance Smart Chain, or BSC for short) is the blockchain network on which Mosaic Alpha runs. It is a decentralized, open system operated by multiple independent actors (validators) around the world. It is neither owned nor controlled by the Binance exchange, which is why the chain was given its new, independent name from Binance.

To use a simple analogy:

• Binance is like a bank.
• BNB Chain is like the road, or the Internet, through which the bank is accessible.
• If a bank closes a branch in a given country, the road remains in place and continues to operate.

What does this mean specifically for Mosaic Alpha?

– The system continues to operate smoothly, without interruption.

– Smart contracts and managed assets are intact.

– Mosaic Alpha is not tied to a Binance account.

– The application can still be accessed through your own wallets as usual.

Our team is constantly monitoring the regulatory environment and, as usual, we will provide timely information on any significant developments affecting the Mosaic ecosystem.

Best regards,

The Mosaic Alpha Team