CZ Eyes U.S. Comeback: Binance’s $4.3B Fine Reversal Could Reignite Expansion

Binance's path back to American dominance hinges on overturning a crushing $4.3 billion penalty—and Changpeng Zhao isn't backing down.
The crypto giant's founder signaled a potential U.S. resurgence if regulators unwind the landmark fine. Talk about a nine-figure mulligan.
Wall Street's compliance officers just felt a disturbance in the Force—as if millions of risk assessments cried out in terror.
Binance grows exposure in the USA
Binance remains one of the main venues for BTC trading, as well as stablecoin inflows. The platform has been informally used by US investors despite the bans and doubts.
US-based traders make up around 50% of Binance’s mobile and desktop traffic, recently climbing in traffic rankings both worldwide and in the USA. Google searches for Binance also increased for the US market, with a small uptick in October and November.
The USA is also the most developed economy where Binance is represented, tapping demand for investments. The rising influence of the USA through Binance also exposes crypto trading to the sentiment of American traders and their specific economic concerns.
Binance remains the market share leader
Binance remains the market share leader, with a baseline of around 38% of all trading volumes. The exchange has been the leader on the spot market, inviting the most significant inflows of BTC and stablecoins.
Binance also offers deeper liquidity compared to Coinbase. The centralized exchange is also a leader in derivative trading. Currently, Binance aims to remain competitive on the perpetual DEX trading arena, by supporting Aster, one of the main competitors of Hyperliquid.
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