The reverberations of FTX’s downfall had a seismic impact on the cryptocurrency landscape in the previous year. Simultaneously, this situation presented a golden opportunity for Binance, the globe’s largest rival cryptocurrency exchange, to assert its supremacy over the markets.
Elucidating this unfolding scenario, Scott Chipolina, the Financial Times’ correspondent specializing in digital assets, delves into the reasons underpinning Binance’s challenges in harnessing the full potential of this pivotal juncture.