The largest cryptocurrency exchange, Binance, is recovering from a difficult period marked by legal difficulties and leadership changes.
Since settling with US regulators on November 21, Binance has seen net inflows totaling $4.6 billion. In January, the exchange raised $3.5 billion, its best monthly performance in years. This significant recovery demonstrates Binance’s ability to cope with emerging challenges.
Binance has regained its position in cryptocurrency spot trading. Adding to this positive trajectory, Binance Coin, the exchange’s native token, is up 32% since late November, outperforming many altcoins. It is currently trading at $311.95.
