Cryptocurrency has been a widely discussed topic over the recent years. The industry, made up of several large enterprises, has been monitored by authorities in order to ensure consumer protection and fair trade competition. The fact that Twitter did not partner with Binance to offer their app users the ability to conduct trading activities may be the result of regulatory concerns. Twitter’s decision of partnering with the registered, American security-brokerage eToro seems to back this.

Since November 2022, the U.S. Commodity and Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have seen a sharp rise in cryptocurrency regulation. Binance, the world's largest cryptocurrency exchange, and it’s leader, Changpeng Zhao, were charged with violating commodities laws by the CFTC soon after and led to speculation that Twitter opted to go with eToro due to this charge. In all likelihood, the opinion of many crypto-enthusiasts that this situation signals a more strictly regulated industry may be right.

The crypto community have to now wait to understand the future of Twitter and Binance’s partnership. Regulatory bodies have made their intentions clear, working to establish their jurisdiction within the industry as well as protecting consumers with enforcement measures. It is possible that this new partnership will be a clean slate for both parties, as there is plenty of room for collaboration and growth for both. For now, it is safe to assume that the exchange-giant Binance remains a major player in the crypto-industry and that Twitter's decision reflects a greater regulatory tightening of crypto enterprises.



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