
Binance returns market share What happened was, in principle, long overdue. Binance, which was the victim of regulators, somehow quietly returned to the leading position. At the beginning of the year the attack on Binance and CZ began. One by one lawsuits from US and European regulators followed, and criminal investigations were launched against CZ. Senior managers left Binance for fear of legal consequences. Customers were also wary of the company’s future. CZ resisted until the last. Having actually lost the American market, Binance concentrated on Asia, Africa and Latin America. Some of the regional expansion was successful, but pressure from regulators was exerted and the CZ was threatened with arrest. Finally, the CZ failed and accepted the terms of the surrender. The Crypto Exchange paid the US Department of Justice a $4.3 billion fine and CZ ceded the management of the exchange to the manager who agreed with the authorities. This established control over the largest crypto ...