Trading activity on Binance.US has reached new lows in September, as the crypto exchange has faced unprecedented challenges over the past months.
Trading activity on Binance.US has reached new lows in September, as the crypto exchange faces unprecedented challenges. On Sep. 16, exchange volume stood at $5.09 million on Binance.US, as reported by Amberdata on The Tie Terminal.
The lowest point for the month was on Sep. 9, when trading activity totaled $2.97 million. This is a significant drop compared to Sep. 17, 2022, when its trading volume was around $230 million.Binance.US is the offshoot in the United States of global crypto exchange Binance. On June 5, the Securities and Exchange Commission
on charges related to unregistered securities offerings, and wash trading, among other violations. As per the SEC, Binance.US allegedly failed to register as a broker-dealer and failed to register the offer and sale of its staking-as-a-service programme.Binance.US turmoil also comes with internal challenges. Brian Shorder, then CEO of Binance.US,, joining a number of global executives who left the group of companies over the past weeks.
According to reports, the departures are allegedly due to an ongoing investigation by the U.S. Department of Justice into Binance, its CEO Changpeng"CZ" Zhao, and Binance.US. In response to speculation surrounding Shorder's departure, CZ said on X that the executive was taking a"deserved break." CZ“Under his leadership, Binance.
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