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Kaiko: Coinbase and Bybit benefited most from Binance’s deal with US authorities

  • Kaiko analysts analyzed the consequences that the deal between the U.S. government and the Binance exchange brought to the market.
  • Experts said that Coinbase and Bybit have benefited tangibly.
  • Despite the $4.3 billion fine, Binance will not lose its status as a leading exchange, and the settlement allows it to strengthen its position in the market.

Analysts at Kaiko have published a report on the implications of the deal between cryptocurrency exchange Binance and the U.S. government.

Experts believe that the biggest beneficiaries were market players such as Coinbase and Bybit. Источник: Kaiko.” class=”lazyload wp-image-186683″ data-srcset=”https://incrypted.com/wp-content/uploads/2023/12/hourlyshare.webp 1320w, https://incrypted.com/wp-content/uploads/2023/12/hourlyshare-300×164.webp 300w, https://incrypted.com/wp-content/uploads/2023/12/hourlyshare-1024×559.webp 1024w, https://incrypted.com/wp-content/uploads/2023/12/hourlyshare-768×419.webp 768w” data-sizes=”(max-width: 1320px) 100vw, 1320px”>Почасовая доля рынка биткоина. Source: Kaiko.

November 2023 in particular has been one of the most successful periods for Coinbase, with the stock hitting an 18-month high