Binance Strong Comeback
This success story is particularly remarkable when considering the challenges Binance faced in late 2023. The exchange paid a hefty $4.3 billion fine from the U.S. government over money laundering and sanctions violations.
Additionally, Binance’s former founder, Changpeng Zhao (CZ), resigned as CEO and served a prison sentence.
Perhaps, under Teng’s leadership, Binance has made a strong comeback, focusing on enhancing its regulatory compliance and improving its reputation. His efforts have paid off, as the platform gained key regulatory approvals and strengthened its compliance measures.
New Trading Options for Binance Users
To further expand its offerings, Binance has also announced new trading options for its users. On January 2, Binance Futures launched perpetual contracts with up to 75x leverage for various pairs, including GRIFFAINUSDT, AI16ZUSDT, and ZEREBROUSDT. This move is expected to enhance the trading experience for Binance’s growing user base.
