While the ongoing ban is heavy on the UK’s Binance entity, the overall crypto exchange, Binance, remains optimistic that its usual business processes will not be adversely affected.
So far, Binance is the leading cryptocurrency exchange by trade volume, justifying the non-significance or lack of a full-blown impact with the UK’s new position.
Justifiably, the UK does not contribute that wholesomely to Binance’s user base. Estimations reported by the web traffic site, user web has placed only around 3.75% of Binance customers in the United Kingdom.
Nonetheless, no significant difference in the trading volume has been highlighted just yet. Within the last 24 hours, the trading volume of Binance was at $33.2 billion, which is more than twice its closest competitor FTX.
https://mycryptoparadise.com/will-the-fca-impositions-to-the-uk-banks-affect-binance/