bitcoin
Bitcoin (BTC) $ 39,626.62
ethereum
Ethereum (ETH) $ 2,168.04
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 227.03
xrp
XRP (XRP) $ 0.621818
cardano
Cardano (ADA) $ 0.390705
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.808299
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.0853
okb
OKB (OKB) $ 58.43
polkadot
Polkadot (DOT) $ 5.48
shiba-inu
Shiba Inu (SHIB) $ 0.000009
tron
TRON (TRX) $ 0.103356
uniswap
Uniswap (UNI) $ 6.02
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 39,587.61
dai
Dai (DAI) $ 0.999305
litecoin
Litecoin (LTC) $ 71.82
staked-ether
Lido Staked Ether (STETH) $ 2,165.86
solana
Solana (SOL) $ 63.08
avalanche-2
Avalanche (AVAX) $ 21.81
chainlink
Chainlink (LINK) $ 15.88
cosmos
Cosmos Hub (ATOM) $ 9.47
the-open-network
Toncoin (TON) $ 2.42
ethereum-classic
Ethereum Classic (ETC) $ 19.63
leo-token
LEO Token (LEO) $ 3.63
filecoin
Filecoin (FIL) $ 4.51
bitcoin-cash
Bitcoin Cash (BCH) $ 227.15
monero
Monero (XMR) $ 171.74
Sunday, December 3, 2023
More
    bitcoin
    Bitcoin (BTC) $ 39,626.62
    ethereum
    Ethereum (ETH) $ 2,168.04
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 227.03
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.621818
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.0853
    cardano
    Cardano (ADA) $ 0.390705
    solana
    Solana (SOL) $ 63.08
    matic-network
    Polygon (MATIC) $ 0.808299
    polkadot
    Polkadot (DOT) $ 5.48
    tron
    TRON (TRX) $ 0.103356
    HomeAll CoinsBitcoinBitcoin trades excessive on Binance US as liquidity dries up

    Bitcoin trades excessive on Binance US as liquidity dries up

    Bitcoin (BTC) is buying and selling at a premium of over 1% on Binance.US Information from CryptoCompare present that the alternate’s US greenback buying and selling quantity fell to new lows after the US SEC lawsuit.

    Based on CryptoCompare information, BTC is buying and selling above $26,000 on Binance.US, beating its main rivals corresponding to Kraken and Coinbase by greater than $150 on the time of writing.

    Bitcoin Binance US
    Supply: CryptoCompare

    Binance U.S. Buying and selling Quantity Sluggish

    Regardless of the BTC premium, USD quantity on exchanges has slowed considerably, dropping from a peak of over $684 million on March 14 to beneath $25 million, in response to CryptoCompare information. .

    The decline could also be associated to the alternate’s banking companions’ determination to close down US greenback cost channels by June 13. Binance US has introduced that it’s going to transfer to a crypto-only platform on account of regulatory points.

    Binance USD Volume
    Supply: CryptoCompare

    Kaiko’s information additional confirms the alternate’s decline in buying and selling exercise. Kaiko reported that Binance.US’ market share fell to 4.8% in comparison with different U.S. exchanges after the lawsuit, down from 20% in April.

    Binance US market share
    Supply: Silkworm

    In the meantime, Coinbase’s market share jumped from 46% to 64% inside every week of the SEC lawsuit.

    Binance US market depth diminished by 78%

    In the meantime, Binance US’s market depth fell by 78% inside every week after the U.S. SEC sued the corporate for violating federal securities legal guidelines, Kaitaka stated. information.

    See also  Bitcoin Threatens Under $27,000 As Alpha Crypto Continues Free Fall
    Binance US Market Depth
    Supply: Silkworm

    Kaiko famous that final week, the alternate’s 17-token market depth fell from a file $34 million on June 4, a day earlier than the SEC lawsuit, to simply $7 million.

    Kaiko stated market makers and merchants left the alternate over issues about potential asset lockups. On June sixth, the SEC took steps to freeze Binance’s US property, citing the transfer as mandatory to make sure the security of consumers’ funds.

    β€œ(Binance US) market makers are nervous and need to keep away from losses from volatility and the non-negligible chance of property getting caught on exchanges just like the FTX collapse.”

    An article about Bitcoin buying and selling at a premium on Binance US as liquidity dries up first appeared on cryptonewsmatrix.

    (Tag Translation) Bitcoin

    RELATED ARTICLES

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Most Popular