Binance.US trading volume collapses amid crisis

On Sep. 16, exchange volume stood has $5.09 million on Binance.US in the middle of executive departures And in progress regulatory scrutiny.

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Trade activity on Binance.US has reached new the lowest In September, as THE crypto exchange faces unprecedented challenges. On Sep. 16, exchange volume stood has $5.09 million on Binance.US, as reported by Amberdata on THE Tie Terminal.

THE the lowest indicate For THE month was on Sep. 9, When trade activity totalized $2.97 million. This East A significant drop compared with has Sep. 17, 2022, When It is trade volume was around $230 millions.

Binance.US exchange volume on THE pass 12 month. Source: THE Tie Terminal/Amberdata

Binance.US East THE branching out In THE United States of global crypto exchange Binance. On June 5, THE Securities And Exchange Commission deposit A trial against both crypto Exchanges on charges related has not registered securities offerings, And wash trade, among other violations. As by THE SECOND, Binance.US allegedly failed has register as A broker-dealer And failed has register THE offer And sale of It is staking as a service program.

From THE trial, Binance.US stopped trade For on 100 token pairs, contributing has A sharp decline In exchange activity.

Binance.US turmoil Also come with internal challenges. Brian SHORDER, SO CEO of Binance.US,