Binance, a global crypto exchange, has faced scrutiny from EU regulators for alleged tax evasion and account manipulation in Malta and Ireland. Despite these accusations, Binance still managed to attract a significant number of visitors in both countries, with 365,000 and 3.5 million visits, respectively. The company conducted monthly transactions worth $90 billion in China before it was banned, receiving 4.4 million visits in the country last year.
In response to regulatory actions, Binance circumvented the ban in Belgium by redirecting users to Poland, where it garnered 6 million visits. Similarly, after being banned in Taiwan for operating without registration, Binance still received 8.7 million visits from 2.2 million unique visitors in the country.
Despite being banned by SEC Nigeria in July, Binance attracted 9.2 million visits in the country last year. In 2021, financial regulators in Malaysia and South Africa issued warnings against Binance, stating that the exchange was not authorized to operate in their respective countries. Enforcement actions were taken against Binance, but the exchange still managed to receive 9.5 million visitors from Malaysia and 4 million visits from South Africa.