Binance Surpasses 200 Million Users and $100 Billion in Assets 
The largest cryptocurrency exchange in the world, Binance, has crossed the 200 million user mark and manages $100 billion as custodial assets. This achievement underscores global acceptance of digital currencies at a fast pace and the crucial role that Binance plays in this financial revolution. Nevertheless, there is a strong regulatory scrutiny happening during this major event.

The U.S Securities and Exchange Commission (SEC) has initiated a probe into Binance over its Initial Coin Offering (ICO) of its BNB token in 2017 alleging it should have been classified as a security. Further, a detailed report by Reuters states that Binance processed billions of dollars’ worth of illicit transactions touching on criminal syndicates such as Hydra from the Russian darknet drug market and Lazarus from North Korea.

Despite these challenges, the rising number of Binance users and significant amounts of custodial assets indicate its dominance in the cryptocurrency field and an increased acceptance of digital assets by mainstream society.