2023-07-21 19:45:42
Binance alone accounts for more than half of the trading volumes in the global cryptocurrency market. 446351747/JorgeEduardo – stock.adobe.com
Regulatory pressure on the world’s largest exchange triggers a strategic crisis. Its founder “CZ” seems increasingly isolated.
The birthday cake may have had a slight bitter taste this year. On July 14, Binance celebrated its sixth anniversary. Six years of a dazzling journey, which transformed the site created in 2017 by the ambitious Changpeng Zhao, a young Canadian of Chinese origin, into the most powerful cryptocurrency exchange platform in the world. Grown from 30 to some 8,000 employees, Binance alone accounts for more than half of the trading volumes on the global market. cryptocurrencies. Present across the entire value chain (marketplace, asset custody, derivatives, etc.), in all “web 3” sectors, investor in more than 200 start-ups, Binance has become a central pillar of this industry.
Until recently, the empire was rolling out its expansion plan, multiplying license applications in all crypto-friendly countries, in Europe, the Middle East, North America and the Asia-Pacific region. At the end of 2022, the fall of its rival FTX propels its share…
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