Binance has multiple whale accounts that buy Bitcoin on a regular basis, in addition to CZ’s personal crypto holdings.Īccording to Bloomberg, Binance appears to be looking for a new home in the UAE and Singapore.
Despite regulatory challenges, Binance continues to collaborate and acquire new companies in order to remain a leader in the crypto trading sector.īinance generated $20 billion in revenue in 2021, which is more than three times the $5 billion generated by Coinbase. Binance is by far the largest crypto exchange in terms of both spot and futures markets.ĬZ’s continued attempts to get operational licenses in various jurisdictions across the world is indicative of the firm’s success.
Binance is the largest cryptocurrency exchange in the world, with daily cryptocurrency trade volumes exceeding $100 billion on the majority of days in 2021.
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