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.