Binance targeted growth in the U.S. market, especially among “VIP” users who drove the exchange’s trading volume and thus its revenue. These power users and their liquidity helped make Binance a juggernaut in crypto trading. According to the government, Binance’s executives “tracked and monitored” the exchange’s performance in the U.S. market and even touted their success.
Source: https://www.coindesk.com/business/2023/11/21/binance-got-huge-due-to-us-customers-that-was-illegal-us-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines