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Binance sees $2 Billion in Outflows as Troubles Compound

From foxbusiness.com

Traders are pulling billions of dollars from Binance as problems plaguing the world’s largest crypto exchange continue to mount. The Commodity Futures Trading Commission on Monday sued Binance, alleging the exchange operated illegally in the U.S. and violated rules designed to prevent illicit financial activity. Last week, Binance announced it would charge fees on spot bitcoin trading again after cutting them to zero last summer. It also had to temporarily suspend spot trading for hours while it fixed a software error. As of Monday evening, Binance had experienced net outflows of $2.1 billion on the Ethereum ... (full story)

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  • Category: Fundamental Analysis