The lawsuit filed by the US SEC against Binance.US has harmed the exchange. Figures showed that its market share has recently plunged below 5%, while its market depth dropped by more than 75% since the beginning of June.
In addition to the lawsuit, the regulator launched a restraining order against Binance.US to freeze its assets. The company took immediate measures and removed more than 100 trading pairs from its platform.
Losing Dominance in America
According to data presented by Kaiko, Binance.US’ market share has dropped from approximately 20% in April to less than 5% as of the moment. The decline was quite evident during May and at the beginning of June.
One possible reason for the decrease seen this month could be the legal pressure coming from the SEC. The watchdog filed a lawsuit against Binance and its American subsidiary on June 5 and asked a Federal court to issue a temporary restraining order to freeze the US assets of the marketplace.
Shortly after, the firm delist
We współpracy z: https://cryptopotato.com/sec-lawsuit-aftermath-binance-us-sees-substantial-decline-in-market-activity/
