Press Release View Non-AMP

Binance India Fine Casts Doubt on BNB Future, Investors Opt for DTX Exchange and Near Protocol Instead

Published by
PR Manager

A few days ago,  India’s Financial Intelligence Unit (FIU-IND) imposed a fine of $2.25 million on Binance for failing to comply with anti-money laundering regulations in India. After the news came out, BNB price dropped more than 5%, and investors are already booking their positions in Binance and looking for new opportunities.

A huge inflow has been seen in two coins, Near Protocol and DTX Exchange, from the Binance investors. After continuous bearish sentiments in Near Protocol, it is trading in green this week. Major inflow has been seen in DTX Exchange, a new trading platform that has already doubled from last month.

Binance Faces $2.25 Million Fine, What’s Next For BNB Price?

Binance, the world’s largest cryptocurrency exchange, has been fined around $2.2 million for anti-money laundering activities. They said Binance was offering services to Indian clients without following the country’s anti-money laundering rules. This decision follows the blocking of nine offshore exchanges in India for failing to register and comply with local regulations.

The Financial Intelligence Unit (FIU) Director, after reviewing Binance’s written and oral submissions and the available evidence, concluded that the charges against Binance were valid. 

Fear in investors has already been seen as the BNB price has dropped from the last swing high of $721.64 to the current price of $574, a decrease of around 20%. However, the BNB price is taking support from the ascending triangle, from which it has taken support twice.

Near Protocol Showing Strength in Market Correction

Near Protocol (NEAR) is a decentralized application platform that aims to make blockchain technology more user-friendly and scalable. While many other cryptocurrencies have declined, even major ones like Bitcoin dropping below $60,000, Near Protocol shows strength during the market correction.

From the swing low of $4.470, Near Protocol has increased more than 15%, currently trading at $5.27 at the time of writing. However, investors are concerned because this move came after a decline of nearly 47% from the top and could be short-lived.

DTX Exchange Standing for the Best Exchange Platform Title

After the negative news in Binance and BNB price dropping over the week and Near Protocol facing a long-term bearish trend, more money has been shifted by the investors in new potentials like DTX Exchange (DTX.

DTX Exchange is a decentralized trading platform where you can trade cryptocurrencies, forex, equities, and contract-for-differences (CFDs). With advanced infrastructure and innovative features, DTX offers traders unmatched trading opportunities and also, and DTX will be the first major exchange to offer 1000X leverage without any KYC requirements.

DTX aims to become a top player in the market, outpacing big exchanges like Binance. Currently, DTX tokens are in the second stage of presale, priced at $0.04 each. This is a 100% increase from the first stage. In the next stage, the price will rise to $0.06.

Learn more: 

Visit DTX Presale

Read Whitepaper

Join The DTX Community 

Disclaimer and Risk Warning

The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.

PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Recent Posts

Bitcoin Price To Hit New ATH in Coming 1-2 Weeks

Bitcoin price is now trading at $109,236, a level it hasn’t touched in nearly a…

July 3, 2025

IMF Rejects Pakistan’s 2,000 MW Crypto Mining Proposal

The International Monetary Fund (IMF) rejected Pakistan’s proposal to offer subsidized electricity rates to crypto…

July 3, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: How High Will BTC Price Go?

Story Highlights Bitcoin is currently trading at: Predictions suggest BTC could reach $175K in 2025.…

July 3, 2025

Crypto News: MiCA-Compliant EURAU Stablecoin Approved as AllUnity Secures BaFin License

AllUnity, a joint venture asset manager between DWS, Flow, Traders, and Galaxy, has announced that…

July 3, 2025

Donald Trump Crypto Holdings Now Make Up 8% of His Net Worth

Donald Trump’s crypto portfolio is making headlines. A recent Bloomberg report reveals that Donald Trump…

July 3, 2025

Trump’s “Big Beautiful Bill” Could Push Bitcoin Even Higher, If Passed

The House is getting ready to vote on President Trump’s new “One Big Beautiful Bill…

July 3, 2025