Even though CZ is a skilled diplomat, he has fallen into trouble with US regulators. The situation on the crypto exchange post CZ is mixed.
Binance is trying to build its balance; the new CEO has taken charge. Withdrawals from BINANCE have also not been stopped, so there is no panic in the market. At present, Binance will either pay the fine or quietly leave the US without paying the fine; a lot remains to be done under its policies.
Confidence in the CEXs (centralised exchanges) still remains. Although Binance's crisis could collapse the market, other exchanges are still running. Whale Tracking has shown that whales are withdrawing their investments from Binance but increasing investments in other CEXs .
DEXs (decentralised exchanges) are also seeing an opportunity at this time; New DEXs are popping up, Old DEXs are gaining. Trackers believe that most of the investments coming out of Binance are going into DEX, due to which the value of DEX tokens like UNI, SUSHI, etc. has also increased significantly.
