🥉 Opinion: Binance got away with little loss
Matrixport analysts argue:
⏺ The fine was less than the expected $10 billion.
⏺Binance will most likely remain in the top three exchanges over the next 2-3 years.
⏺Although the deal does not include a settlement with the SEC, the outcome is favorable for CZ and Binance.
⏺The result of this case will be the approval of ETFs, because more exchanges will become law-abiding, the industry will become more transparent, and the “Wild West” will go away.
⏺The previous point will also lead to the adoption of Bitcoin by institutional players, perhaps even becoming a safe-haven asset.
⏺CZ could make a comeback during the next bear market in 2026.