11/17/2023 0 Comments Binance us stakingThis striking decline illustrates the significant headwinds that Binance.US currently faces in the U.S. To put these figures into perspective, the trading volume of $5.09 million on September 16, 2023, pales in comparison to the staggering $230 million recorded on the same date a year earlier. The precipitous drop in trading volume throughout September is a clear reflection of the uncertainty that surrounds the exchange’s future in the United States. Investors and traders appear to be treading cautiously as the exchange grapples with these regulatory challenges. ![]() The legal troubles facing Binance.US have had a palpable impact on its trading activity. Additionally, the lawsuit contends that Binance.US failed to register the offer and sale of its staking-as-a-service program, further deepening its legal troubles. The SEC’s lawsuit accuses Binance.US of failing to register as a broker-dealer, a move that has raised eyebrows within the regulatory framework. Securities and Exchange Commission (SEC) launched a lawsuit against both Binance.US and its parent company, Binance, citing a range of allegations, including unregistered securities offerings and wash trading, among other violations. One of the most significant factors contributing to Binance.US’s woes is the legal battle it’s currently embroiled in. ![]() These concerning figures have raised questions about the future of Binance.US and come amidst a series of legal challenges the exchange has been grappling with. The lowest point in trading activity for the month occurred on September 9, with a mere $2.97 million in trading volume. This marks a stark contrast to the same date last year, September 17, 2022, when the exchange boasted a trading volume of approximately $230 million. As of September 16, trading volume on Binance.US amounted to just $5.09 million, according to data from Amberdata on The Tie Terminal. In recent developments, the trading activity on Binance.US, the American branch of the global cryptocurrency exchange Binance, has seen a substantial decline in September.
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