

"The inability for Binance.US to offer USD trading services in a region the exchange was specifically built to operate in is an existential threat." "This is very serious for Binance.US," said Clara Medalie, director of research at Kaiko, a digital asset data provider.

operation can survive the SEC lawsuit, which alleges Binance manipulated its trading volumes and comingled customer assets, among other civil charges that it denies. The development is the latest blow for the world's largest cryptocurrency exchange and raises questions about whether its U.S. Customers have until Tuesday to withdraw their funds. Securities and Exchange Commission asked a court to freeze its assets. securities regulator stepped up its crackdown on the crypto sector.īinance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar withdrawal channels as early as June 13, after the U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets (HOOD.O) said it was delisting some crypto tokens, after the U.S.
