Binance.US, the subsidiary of Binance.com in the US, has laid off a significant number of its personnel, only weeks after the parent company also lost
In the aftermath of the regulatory pressure, the exchange was compelled to cut down in its operations. For instance, its customers can no longer buy crypto on the platform using US Dollars . Considering this accounted for a huge chunk of their business, the company has recorded a significant drop in its monthly volumes, with The Block’s data dashboard showing a stark drop of almost $9 billion, moving from the $10.
Saw some debates in the community. When you do the right thing, and there is FUD, you don't have to do anything. The community defends you. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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