Binance Will Remain “Cornerstone” Despite $4 Billion Settlement

According to a K33 Research report, Bitcoin and Ethereum prices have shown good resilience to Binance’s settlement with the US Department of Justice.

According to the report prepared by senior analyst Vetle Lunde and Research Manager Anders Helseth, Bitcoin and Ethereum decreased despite the decrease in the price of Binance Coin (BNB) despite the Binance news from the USA. a strong performance showed.

Binance reached a $4.3 billion settlement for violating money laundering and sanctions laws. Securities and Exchange Commission (SEC) says the company is still Because he may have committed crimes similar to FTX he suspects.

In the K33 Research report, “Binance operated illegally in the USA and they will not be able to do this anymore, but The settlement reached has nothing to do with misuse of user funds.” It was emphasized that the compromise “will not have any contagious effects in the future”.

According to CoinGecko data, Bitcoin is 37,899; Ethereum is trading at $2,037 and both It has gained approximately 6% and 5% since November 21 in case.

Delisted from the exchange within the first 24 hours after learning that Binance has reached a settlement Assets worth more than $1 billion There was an exit.

According to the K33 Research team, Binance will continue to maintain its position in the market:

“Binance’s strong user base indicates that Binance will continue to be one of the cornerstones of the crypto market structuring as we move towards 2024.”

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