Binance Could Be In Trouble Amid Recent Actions: Bloomberg
The heightened scrutiny and regulatory action by US regulators against Binance has become a big concern for its users. A potential enforcement action by the US Securities and Exchange Commission (SEC) could be devastating for the exchange and the market. advertisement Coinbase and Binance are witnessing less liquidity as compared to earlier quarters. Jump Crypto and Jane Street pulling back their market-making activity from the U.S. will put further pressure on exchanges. Also Read: US SEC Is Reportedly Close To Taking Enforcement Action Against Binance Binance Losing Market Cap Constantly US regulators have taken strict regulatory actions against major crypto exchanges Coinbase , Bittrex , and entities related to crypto. Binance was not spared, US SEC and NYDFS took action against Paxos ordering the firm to stop minting Binance USD (BUSD) stablecoin. Trending Stories Bitcoin Price Breakdown from Monthly Support Hi...