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Binance's crypto inflows spike post-fine
Despite penalties and leadership changes, Binance saw $4.6 billion in net inflows since its November settlement.
Despite penalties and leadership changes, Binance saw $4.6 billion in net inflows since its November settlement.
Binance attracted $3.5 billion in January, marking its highest monthly intake since at least November 2022.
New CEO Richard Teng stabilized Binance's market share in December, and Binance Coin outperformed markets with a 30% increase since Nov. 21.
CEO Teng faces hurdles in establishing a global presence, forming a board, and dealing with legal issues, including an SEC lawsuit.
Binance's success is tempered by lacking licenses in key hubs and recent shutdowns in countries like India, highlighting risks of operating without official approvals.
Binance's success is tempered by lacking licenses in key hubs and recent shutdowns in countries like India, highlighting risks of operating without official approvals.