Krutika Adani
What has worked in favor of Binance is that the exchange can be accessed globally, which ensures that it has high liquidity at all times despite facing several bans.
Binance works in a decentralized mode, which means that the exchange does not have a single headquarters or office. Instead, it relies on a decentralized headquarters method that makes it resilient against undue shutdowns.
Binance fought tooth and nail to overcome several regulatory worries, such as US sanctions, DOJ cases, a shadow ban in India, its ouster from China, and many others.
Though Binance had several conflicts with various regulators worldwide, it was through compliance that it managed to recover lost markets like the USA and India.
Consistency played a huge role in Binance’s rise. The exchange has been providing all its services to all users globally without any quality issues.