How Binance Became a Crypto Giant?

Krutika Adani

Global Access

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.

Decentralization

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.

Overcoming Regulatory Worries

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.

Compliance

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

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.

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