As Bitcoin's value goes up, more people want to buy and sell it

In the past few weeks, Bitcoin has seen something of a comeback. Just in the last month, the price of BTC has gone up by 13.5%, and it has broken through the $31,000 barrier several times in the last few weeks. It looks like this excitement is also bringing more money into centralised cryptocurrency markets. In particular, more and more crypto traders are choosing to use centralised exchanges like Binance instead of decentralised swaps like Uniswap.

In relation to Binance, the offices of the world's biggest cryptocurrency exchange by volume, which are in Australia, were searched on Tuesday by the local government. It might have something to do with the fact that Australia's products licence was taken away earlier this year. Binance, on the other hand, has said that it is focused on being fully compliant in the area and that it has worked with regulatory bodies.

(Regarding Binance)

Binance is a well-known and very famous cryptocurrency exchange. It gives people and organisations a place to trade different cryptocurrencies. Changpeng Zhao (also known as "CZ") started Binance in 2017. It quickly gained popularity and grew to become the biggest and most important cryptocurrency exchange. Binance also has its own coin, which is called Binance Coin (BNB). Within the Binance ecosystem, BNB is used to lower trading fees, take part in token sales on the Binance Launchpad platform, and run its own blockchain, which is called BNB Chain.