Recent report revealed the register user figure touch to 150 million. It is great going despite immense pressure. It is pertinent to mention that last year July number was 120 million users. Almost 30 million new registered added during last 12 months. Healthy sign not only for Binance but also for the crypto world.
Binance is growing. Beside achieving a milestone of 150 million registered user. Binance has officially launched in Japan and it secured MVP license in Dubai.This is a great news for crypto enthusiast it will definitely help to build user trust over platform. Launch on Japan and securing license will help to increase the number of users.
potential legal issues with the U.S. Department of Justice have been a concern for Binance exchange. SEC imposed a charge of fraud and evasion of US law regulatory body. Let's see about the outcomes of this issue. Decision in favor of Binance will not only give huge pump to Binance but also give stability to crypto market as a result market observed pump. On the other hands decision against Binance will create panic in market as a result we may observe in Binance asset and all coins worth.
Personally I am a supporter of centralized exchanges with stringent regulation. Stringent regulation itself is good for exchanges itself as it will help to build user trust over platform.
Do you want stringent regulation in crypto market. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.