


The report looks back on 2022 and explains how Binance is set to define the future of the industry.
Bernstein Analysts Predict Crypto Rebound, Hail Binance
Binance is solvent and able to withstand withdrawal tests, says a new industry report from Bernstein analysts. The report released Monday, January 2, also predicts an overall continued growth in the industry despite the growing pains throughout 2022.
One of the companies Bernstein sees driving the future––as it has in the past––is Binance. Binance, says the report (as noted by Will Canny of CoinDesk on January 2), has proven industry leadership over the years and has a deep amount of verifiable reserves to ease investors of any insolvency potential.
“Binance’s undisputed market leadership has not been an accident – it has a long history of doing right by the customer,” Canny quotes from the report.
Binance CEO Changpeng Zhao (CZ) took to Twitter to push an even stronger narrative based on the report. In a pair of tweets, CZ further highlighted Binance’s role in the crypto community.
The actual Bernstein Report is much stronger than Coindesk's article. Bernstein writes: "Binance's undisputed market leadership has not been an accident - it has a long history of doing right by the customer... 1/2 https://t.co/kv7J7AQqjw
— CZ 🔶 Binance (@cz_binance) January 4, 2023
The report also highlights how the fall of FTX has contributed to an increased market share for Binance, which Bernstein analysts Gautam Chhugani and Manas Agrawal say will likely see a rise in competitors to come after a share of the prize.
Binance’s newfound quasi-monopoly on the world’s global crypto trading market will also continue to grow as the exchange increases mass adoption through licenses and registrations across the world’s financial jurisdictions.
The report from Agrawal and Chhugani details how the crypto industry is likely not down and out. The industry may have taken a few punches but is well-positioned to bounce back.
“Crypto is probably among the few industries that can clock frontier-tech-like growth, in a broadly maturing tech landscape,” the report says. The report also cites “significant headroom for application led adoption” as blockchain takes over the rest of the internet.
The crypto industry should still be seen as a positive long-term investment opportunity, the report says. Bernstein expects the industry to continue to grow and predicts seeing as much as a 100-fold increase in users and asset wealth.
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
Website | Twitter | Discord | Telegram |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Binance VIP Traders Informed of $4B Settlement Back in September

The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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