- After the US settlement, Binance’s $4.6 billion rebound signals growth and stability.
- Binance Coin surges 30%, outperforming the market since November.
- CEO Richard Teng faces challenges, including global headquarters, licenses, and navigating complex regulatory landscapes.
Binance has seen a remarkable influx of funds. This resurgence comes after a challenging period marked by legal hurdles and leadership shifts. Since its settlement with US regulatory bodies on November 21, where it conceded to charges including money laundering and sanctions evasion, Binance has witnessed net inflows totaling $4.6 billion, as tweeted by Satoshi Club.
Despite recent legal challenges and leadership changes, @binance has seen net inflows of $4.6 billion since its November settlement with US agencies.In January alone, it attracted $3.5 billion, marking its strongest month since November 2022. pic.twitter.com/hMZZB3kK3U
— Satoshi Club (@esatoshiclub) January 18, 2024
Moreover, January has been particularly noteworthy for the platform, attracting $3.5 billion, surpassing any full month’s inflow since November 2022. This significant rebound showcases Binance’s ability to nav…
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