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Binance Rebounds with Significant Inflows Following US Settlement

Published 19/01/2024, 11:27
Binance Rebounds with Significant Inflows Following US Settlement
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Coin Edition -

  • 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.

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