June 18 (Cointime) - Binance.US's market share for exchanges supporting USD pairs has significantly decreased since the US Securities Exchange Commission filed a lawsuit against the company and Binance. The Block's Data Dashboard shows that Binance.US's market share has dropped to 4.35% as of June 18, compared to over 16% in April 2023. Meanwhile, Binance's market share has slightly increased. The SEC's lawsuit has resulted in Binance.US suspending USD deposits, delisting trading pairs, and experiencing a decline in volumes, market depth, and an increase in slippage.
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Binance.US's Market Share Continues to Decline Following SEC Lawsuit Against Binance and Binance.US
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