11/17/2023 0 Comments Binance sign up![]() "The SEC lawsuits do pose an existential threat to all cryptocurrency exchanges that are operating in the United States," said Clara Medalie, Kaiko's research director. market share slumped to 0.9% as of June 26 from more than 22% recorded in April. According to data analytics firm Kaiko, Binance’s global market share fell by nearly 8% since last month, from 60% to 52%, because of the SEC shakedown. Binance's cryptocurrency token, Binance coin, was down 9.7% intraday. Īfter the SEC filed 13 charges against Binance on June 5, the crypto exchange's shares fell more than 5% to hit its lowest level since March. Thanks to changes in federal law, this Kevin O’Leary-Backed Startup Lets You Become a Venture Capitalist With $100īillionaires are making their money in the private markets, and This Startup Is Revolutionizing Healthcare Investment so anyone can get involved. Until 2016 it was illegal for retail investors to invest in high-growth startups. The legal battles and ongoing regulatory scrutiny have presented formidable obstacles for Binance, shaping a turbulent period for the company. As a consequence, Binance has experienced a substantial decrease in trading volume, potential limitations on its services and an overall loss of market share in the cryptocurrency exchange landscape. The SEC's lawsuits and investigations against Binance have led to a decline in user confidence and increased regulatory uncertainty surrounding the platform. The company has been subjected to legal scrutiny and regulatory pressure, which has had a detrimental effect on its operations and reputation in the cryptocurrency industry. Securities and Exchange Commission (SEC). Binance reserves the right of final interpretation of this activity.Binance Holdings Ltd., the world's largest cryptocurrency exchange in terms of daily trading volume, has faced significant challenges and negative impacts as a result of legal actions initiated by the U.S.All participants must strictly abide by the Binance Terms of Use.Additional promotion terms and conditions can be accessed here.Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.This includes bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes. Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the activity.Deposits made via a sub-account or account transfer will not meet the requirements of the referral task. Sub-accounts cannot be used to participate in the Lite Referral Mode promotion.If there is no USDT pair for a specific cryptocurrency, it will be converted to another token or coin with a USDT pair to determine its value. ![]()
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