A Comprehensive Look at Historical Legal Actions Against Binance and Coinbase

Cryptocurrency adoption increased from 106 million owners of crypto in January 2021 to 420 million in May 2023. Over the years, cryptocurrency has evolved from being obscure and predominantly associated with illegal activities into a mainstream financial instrument. 

With increasing recognition from retail and institutional investors, governments are making a concrete effort to create regulatory frameworks for digital assets and look deeper into the state of operations and compliance of centralized crypto companies. Unsurprisingly, regulators have been actively investigating Coinbase and Binance, the largest crypto exchanges, for the last few years.