Binance Embraces Compliance Amid Regulatory Challenges
The trading volume on decentralized exchanges (DEX) saw a significant increase following the SEC’s legal action against centralized exchanges Coinbase and Binance. The 48-hour period saw a 444% increase in trading volume on the top three DEXs. The current 24-hour trading volume on DEXs stands at $722.7 million.
- Trading volume on DEXs increased by 444% after SEC’s legal action against centralized exchanges
- 24-hour trading volume on DEXs is $722.7 million
- Binance reaffirms commitment to compliance despite regulatory challenges in multiple countries
- Binance CEO CZ believes decentralized finance (DeFi) will dominate over centralized finance (CeFi)
- CZ advocates for universal cryptocurrency adoption with varying urgency across nations
Despite facing regulatory investigations and legal actions, Binance remains committed to complying with regulations. Binance CEO CZ believes that DeFi will dominate the market in the future and emphasizes the importance of universal cryptocurrency adoption. The recent surge in trading volume on DEXs highlights the growing popularity of decentralized exchanges.
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