A Binance spokesperson said that it’s putting its focus on its users as it moves into a new chapter.
Crypto exchange Binance has started to recover its trading volume market share months after settling its case with the United States Department of Justice and paying a $4.3 billion settlement fine.
According to data from crypto research firm Kaiko, Binance’s trading volume market share rose to 49% two months after the exchange settled its case with U.S. regulators. The uptick follows multi-year lows as the exchange navigated its legal issues.
On Nov. 21, U.S. officials announced a $4.3 billion settlement with Binance. Attorney General Merrick Garland said in a press release that the amount would cover “civil regulatory enforcement actions” by government departments, including the Treasury and Commodity Futures Trading Commission (CFTC)
