Binance’s Market Share Sinks To November Lows After CFTC Lawsuit

Binance’s crypto market share has dropped by a sizable amount after a U.S. regulator accused it of fraud.

The world’s largest crypto exchange is also reeling from zero-fee trading for some trading pairs.

Binance’s trading volume has sunk to 54% from 70% two weeks ago.

The U.S. Commodity Futures Trading Commission sued the exchange and its founder Changpeng Zhao on March 27, alleging they offered unregistered crypto derivatives products in the U.S. against federal law.

Share:

Leave a Reply

Your email address will not be published. Required fields are marked *