After the U.S. Commodities and Futures Commission sued Binance, the industry’s largest crypto trading platform, bitcoin New on-chain data on trade has surfaced.
Turkish analyst compiling on-chain data from CryptoQuant’s database Eralp Büyükaslan, Binance He found that despite the increasing legal pressure on customers, they refrained from moving their assets to other exchanges.
‘CFTS sued Binance but investors didn’t react at all❗️’@eralpbuyukaslan
According to the spot and derivative tables; FUD among Binance traders and investors…@cryptoquant_com #crypto #bitcoins #onchain
Click here for the rest of the analysis👇https://t.co/FALfemvWYn pic.twitter.com/s96n5ZzSrG
— CryptoQuant.com English 🇹🇷 (@CryptoQuant_TR) March 28, 2023
Examining the entry-exit amounts to the Binance stock market, the Turkish analyst added the following note to his share:
“According to the spot and derivative data on Binance; We don’t see customers who trade on the stock market get caught in FUD. Binance traders show some sort of immunity to FUDs that have been going on for years.”
Pressure Increases on Binance
Negative claims have been made for years about Binance, the largest crypto trading platform by market volume. Although most of the news reflected in the press did not reflect the truth, US officials managed to put pressure on Binance in 2023.
The Securities and Exchange Commission SEC launched a Binance-based investigation into stablecoin issuer Paxos last week. Paxos has decided to end the issuance of the exchange’s BUSD stablecoin due to pressure.
The Commodity Futures Trading Commission is the leading exchange and the founding To Changpeng Zhao sued. The CFTC accuses Binance and CZ of avoiding regulation.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!