Has Binance blown its chance to rule the crypto markets?

The exchange that looked best placed to benefit from last year’s collapse of FTX has instead found itself beset by regulatory setbacks.

15 August, 2023 by Scott Chipolina in London

As 2022 drew to a close, Binance co-founder and chief executive Changpeng Zhao appeared to have the world at his feet.

Sam Bankman-Fried, co-founder of Binance’s biggest rival FTX, went to Zhao in November last year hoping the Binance chief would bail out his own

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in