#2024WithBinance

In 2024, Binance faced significant legal and regulatory challenges but continued to influence the cryptocurrency industry:

Legal Issues:

In the U.S., Binance pleaded guilty to federal charges, paid over $4 billion in fines, and saw CEO Changpeng Zhao step down and serve a prison sentence.

In Nigeria, Binance faced allegations of illegal operations, and in India, it was fined $2.25 million for regulatory violations.

Market Growth: Despite setbacks, Binance expanded to 235 million users by October and aimed for 1 billion, emphasizing regulatory compliance for sustainable growth.

New Listings: The platform listed tokens like ACX and ORCA, triggering significant price increases.

Educational Initiatives: Binance partnered with AltSchool Africa to offer scholarships to 500 young Africans for 2025, fostering digital skill development.

Ongoing Challenges: Binance faced a $1.8 billion lawsuit from FTX, which alleged Binance's role in FTX's collapse.

Industry Impact: Binance continued to drive trends with market insights and research, shaping the DeFi and NFT sectors.

Despite its challenges, Binance remained a key player in the global crypto landscape.