Trading volume on Binance.US is evaporating as the cryptocurrency exchange’s fight with US regulators intensifies.
As of August, monthly trading volume has declined 98% from January 2022, according to researcher CCData, and is on track to drop further in September. The American operations of Changpeng Zhao’s crypto empire had $115.7 million in volume through Sept. 15, per CCData. Volume topped $286 million in August, the researcher said.