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    WebsCrypto—News—Business News—Changpeng Zhao: Binance Spends Over $1 Billion on Compliance and Gains Market Share
    Business News

    Changpeng Zhao: Binance Spends Over $1 Billion on Compliance and Gains Market Share

    By WebsCryptoAugust 2, 2022
    Changpeng Zhao: Binance Spends Over $1 Billion on Compliance and Gains Market Share
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    Binance CEO Changpeng Zhao tweeted that Binance spent more than $1 billion on compliance work and had a high pass rate.

    Binance’s market share continues to increase, not decrease. Blockchain and third-party data can attest to this.

    Changpeng Zhao responded to a previous third-party media report that Binance’s implementation of KYC resulted in the loss of 90% of its customers and billions of dollars in revenue loss, saying that this was a completely wrong quote. But the truth is, these types of headlines have higher click-through rates.

    DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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