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Binance.US‘ weekly trade volume has plunged dramatically from an annual high of nearly $5 billion to a mere $40 million, crypto data firm Kaiko tweeted on Sep 18.
This drop was exacerbated in June by extensive charges filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its affiliates. The SEC accused Binance of multiple violations, including unauthorized access to the U.S. market, and declared several cryptocurrencies, including Binance’s BNB and BUSD, as securities.
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