The increase in the value of BNB is closely related to the increase in the number of users on the Binance platform.
Binance’s own cryptocurrency BNB entered an upward trend in direct proportion to gaining 40 million new users in 2023.
According to Binance’s report, despite significant difficulties with regulators, the exchange managed to increase the number of users by 30 percent compared to 2022.
Binance has faced two significant legal issues with the US Department of Justice and the Securities and Exchange Commission. While the Ministry claimed that the company was incompetent in money laundering, the SEC claimed that the company had unauthorized access to customers’ funds.
CEO Changpeng Zhao announced that he resigned as part of the $4.3 billion agreement Binance signed with the Ministry of Justice.
On December 18, Binance’s native token BNB was traded at $ 234, and on the 28th of the month, it reached $ 333 with an increase of 37 percent.
BNB is trading at $311, according to CoinGecko data, as of the moment this article was written, with a slight decline following its previous rise.
