Binance, the exchange backing Binance Coin [BNB] is notorious for listing a lot of emerging cryptocurrencies, and its 18 January addition of Rocket Pool [RPL] aligned with the known behavior. However, the world’s largest exchange listing of the decentralized Ethereum [ETH] staking pool token was not without fuss.
Recently, the United States SEC confirmed that the exchange was on its radar. Also, the country’s Department of Justice (DOJ) contemplated prosecuting Binance due to some illicit funds allegations.
For BNB holders, a regulatory hammer hitting the exchange could spell doom for the coin. In wake of that, BNB followed the first notable market downturn of 2023. In the last 24 hours, the coin’s value decreased by 3.91%.
(By Suzuki Shillsalot)
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