Trading for Binance's In-House Token Dried Up After SEC Lawsuit
Posted on AllSides June 6th, 2023
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Trading for Binance's In-House Token Dried Up After SEC Lawsuit Your browser does not support iframes Binance's in-house cryptocurrency got harder to trade Monday after the Securities and Exchange Commission sued the crypto giant. The number of quotes offering to buy or sell BNB within 2% of its mid price roughly halved after the SEC filed its lawsuit, according to data from research firm Kaiko. A wider gap between so-called bid and ask prices suggests that fewer traders are active. In turn, that can indicate a market is more susceptible...
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