The Commodity Futures Trading Commission (CFTC) has sued Binance, one of the world's largest cryptocurrency exchanges, over allegations of breaking trading and derivatives rules. The article notes that the CFTC has accused Binance of allowing U.S. residents to trade derivatives without registering with the agency, which is a violation of federal law.

Binance, one of the world's largest cryptocurrency exchanges, is continuing its global expansion with a new outpost in Georgia. The outpost will focus on Web3 technologies, which include blockchain, decentralized finance (DeFi), and other decentralized applications.

In its continuing litigation against the defendants, the agency seeks disgorgement, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the CEA and CFTC regulations, as charged.

Bitcoin trading volume on Binance has dropped significantly after the exchange ended zero-fee Bitcoin trading for all trading pairs except TrueUSD (TUSD). According to crypto data provider Kaiko, the BTC-USDT pair saw a 90% drop in trading volume.

Binance Holdings Ltd., the world’s largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao, were sued by the US Commodity Futures Trading Commission for allegedly breaking trading and derivatives rules.

Binance's Bitcoin (BTC) daily trading volume has dropped to its lowest levels since July 4, 2022, due to the end of the exchange's zero-fee trading for most trading pairs except TrueUSD (TUSD), according to data from Kaiko. The decline in volume coincided with the end of free trading, which helped the exchange increase its market share to 72% from 50.5%. Meanwhile, Binance's BTC-TUSD market share increased to approximately 10% while BTC-USDT volume on the exchange declined to 68% from 81%. Since Binance phased out zero-fee trading, TUSD's liquidity has risen by more than 250%, while liquidity for stablecoins like Tether's USDT and Binance USD (BUSD) has declined more than 60%, respectively.

Binance announces the opening of Binance’s brand-new blockchain hub in Georgia.

On March 23, CNBC reported that a group of Binance angels shared techniques that allow users to bypass the platform’s KYC, residency, and verification systems.

Binance announced that ARB, GMX, MAGIC and GNS are now supported for Auto-Invest plans. Users may now purchase any of these tokens with a Single Token Plan or a Portfolio Plan.

A recent article surfaced alleging that Binance employees and volunteers were assisting Chinese users on how to bypass Know Your Customer (KYC) and other security protocols.