CFTC lawsuit – DIGIT INFO

Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry

DIGIT — Sat, 08 Apr 2023 21:30:03 +0000

Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say […]

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Binance’s market share drops on CFTC suit and no-fee trading halt: Report

DIGIT — Tue, 04 Apr 2023 05:49:57 +0000

Binance’s market dominance fell largely due to its decision to end zero-fee trading for some trading pairs and not the CFTCs lawsuit, says Kaiko.

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Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit

DIGIT — Tue, 28 Mar 2023 06:00:21 +0000

After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the […]

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