Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%.
Binance’s market share briefly dropped to nearly 40% following these regulatory issues, but the exchange continues to dominate among 23 other marketplaces.
Binance recently decided to delist four cryptocurrencies, including BitShares and Tornado Cash, effective December 7, leading to significant price drops in some of these tokens, with PERL falling around 65% and TORN by 50% in the past week.
Binance Keeps Its Solid Position
The troubling recent news surrounding Binance seems to have not affected its position as a leader