IS THE BINANCE CASE LINKED TO AN IMMINENT APPROVAL OF BITCOIN SPOT ETFs?

Impeccable timing? Barely has the leader Binance been attached to a leash by the United States justice system when analyzes rain down to define the future. A future visibly without Changpeng Zhao (CZ) to liven up social media… at least on behalf of this exchange. And according to some, a possible official kickoff towards long-awaited approval of Bitcoin ETFs by traditional financial markets. An almost (too) perfect sequence which ends up raising some questions. Was it necessary to take regulatory control of Binance to hope for approval of spot Bitcoin ETFs?

BINANCE VS ETF BITCOIN SPOT

Often, predictions prove unfounded when put to the test of time. But in some cases, the calendar is more lenient regarding certain anticipated analyses. Obviously this does not validate the content. Even if the facts seem to support a series of factors exposed a few months earlier.

A perilous style exercise which has nevertheless just brought together two emblematic events in the cryptocurrency sector. On the one hand, the rather spectacular announcement of the settlement – ​​more financial than legal – of the dispute between the United States justice system and the Binance platform. With the key being a check for $4.3 billion that will go down in the annals of the crypto sector. And on the other, an approval of spot Bitcoin ETFs which seems to drag on for no real plausible reason. Except for the inertia assumed by some as voluntary by the head of the SEC, Gary Gensler.

Binance vs Spot Bitcoin ETF

Binance fined $4.3 billion

Take these two explosive ingredients and shake up Network