Don’t be afraid! There’s no way we’re going to be able to summarize all the bad news that has been hitting the number 1 crypto exchange for several years now. Buried on multiple occasions, the CZ is still standing and doing business. The NBB is sometimes in trouble, and legal proceedings are certainly underway, but in spite of the FUD incessant, Changpeng Zhao keeps the faith and displays his unfailing optimism, summed up in a number that has become a symbol of resistance to Binance fashion: 4. And it must be that users have confidence in him, since the company boasts insolent financial health and a number of users constantly on the rise. A look back at the Binance paradox.
Binance stands firm against a barrage of criticism and bad news…
You don’t have to go far to find the latest polemic since it is only a few dozen hours old. It came from the international information platform Semafor which made a double revelation shattering. Not only is the U.S. Justice Department reportedly considering suing the crypto exchange for fraudbut she would be reluctant to do so, fearing a panic on the markets and a bank run FTX style! To avoid this, she would rather project fines and possibly a financial arrangement.
This umpteenth twist in the saga Binance has had little impact on the daily lives of the exchange’s employees, who are accustomed to working in a media-complicated environment. Binance had already had to leave the Netherlandsthe United Kingdom and Cyprus, while the company withdrew its application for a licence in Austria. Belgium demanded its departure. And that’s not even mentioning the ongoing cases piling up in the United States, where the SEC is not loosening its grip. And all in just a few months!
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… but still attracts as many users as ever, and has even set a new record.
But after this resounding news from our colleagues at Semaforwe were expecting a reaction from the Binance or Changpeng Zhao himself who loves to communicate on Twitter. And it didn’t take long for it to arrive in the classic form of a short message, as laconic as ever, detailing the weekly good news from the house, which you can read above. « Binance Japan is officially launched, a new financial license in Dubai and the first exchange to obtain it, two new Launchpools on the platform and, above all, the 150 million user mark passed. We’re still building. »
Here it is CZ in the text. With his usual style of not getting involved in current affairs, he absorbs the pressure and lets the media report on information he doesn’t even bother to read. deny. Good or bad strategy ? The results speak for themselves, for despite the FUD recurrent, its platform has won 22 million customers in just 3 monthsThis is enough to make many of the world’s exchanges green with envy.
Does this mean that it’s all just an act of fantasy? wind and that Binancesnow-white, would be the victim of a plot cleverly orchestrated by his detractors? The reality is surely more complicated, and may require a bit of a rethink. nuance that media fury often prevents us from glimpsing. Let justice American and that of the rest of the world, while bearing in mind that the best place to put most of your favorite cryptos is not anyway not a centralized exchange of any kind.
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