![Crypto Prices Today Bitcoin and Ether Compactly Slump on Inflation](https://todaysgist.com/wp-content/uploads/2023/04/Crypto-Prices-Today-Bitcoin-and-Ether-Compactly-Slump-on-Inflation.jpg)
Binance Reportedly Lays Off Over 1,000 Employees
Follow Us @
Binance Reportedly Lays Off Over 1,000 Employees
Previously, the market share of Binance, the world’s largest cryptocurrency exchange, and its United States (US) affiliates have shrunk this year, as they resist attacks from a regulatory crackdown.
Last month, Binance was hit by a lawsuit by the US Securities and Exchange Commission for allegedly violating regulatory rules, pushing its global market share to 52 percent from 60 percent at the start of the year, according to data firm Kaiko. This means Binance’s market share has fallen by 8 percent since early 2023.
Binance had started losing market share in March following its move to end no-fee transactions for several trading pairs, said an analyst at Kaiko, Dessislava Aubert.
“Binance’s market share has moved to various crypto exchanges with Bybit and OKX being the best,” said Aubert, quoted from Channel News Asia, Saturday (8/7/2023).
Binance US, an independent Binance partner, had seen its US market share slump to 0.9 percent on June 26 from more than 22 percent in April after the exchange gave its customers a June 13 deadline to withdraw their dollar funds as the SEC asked courts to freeze its assets.
Bucking the trend, Coinbase’s US market share jumped in June to 55 percent from 48.4 percent, as the exchange was named a watchdog partner by Fidelity and other asset managers in proposing spot bitcoin ETFs.
Overall spot crypto volume slumped in the second quarter to the lowest level since 2020, Kaiko said, even as bitcoin rallied towards the end of the quarter to reach a one-year peak of USD 31,458 or equivalent to Rp. 474.4 million in a spate of proposals from major asset managers including BlackRock. sentiment lifted.
Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.
Binance Reportedly Lays Off Over 1,000 Employees
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#Binance #Reportedly #Lays #Employees
-
usa today entertainment3 months ago
Red Eye (TV series 2024) Download Mp4 ▷ Todaysgist
-
Cryptocurrency3 months ago
Perpetrator Laundering Money Using Crypto Worth IDR 3.7 Trillion Caught in Hong Kong
-
usa today entertainment3 months ago
Luxe Listings Toronto (TV series) Download Mp4 ▷ Todaysgist
-
usa today entertainment3 months ago
HYBE Confirms There Was an Attempted Rebellion at ADOR, Says Gibah Min Hee Jin with Other Agency Officials
-
usa today entertainment3 months ago
MasterChef Junior (TV series) Download Mp4 ▷ Todaysgist
-
Sports3 months ago
The schedule for the rematch against Udinese is not favorable for AS Roma
-
usa today entertainment3 months ago
Brigands The Quest For Gold (2024) (Italian) (TV series) Download Mp4 ▷ Todaysgist
-
Cryptocurrency3 months ago
Today's Crypto Prices 30 April 2024: Bitcoin CS is on fire again