How Binance Held Its Ground In Trade Volumes During 2023’s Regulatory Onslaught
Summary
Binance maintains largest global crypto exchange trade volume at 43.8%, down from 62.3% at start of 2023. Faced regulatory challenges, settled with US DOJ for $4.3 billion, CZ pleaded guilty to money laundering violation and stepped down. Despite this, Binance outperforms rivals in trade volume, recording over $15 billion in the past 24 hours. BNB's value increased by 3.2% to around $318 with a trading volume surpassing $1 billion, reflecting resilience amid challenges.
