Crypto Exchanges Face Challenges in the US Banking System
TL;DR
Bitcoin is trading at a slight discount on Binance.US after the exchange announced it would become a crypto-only platform starting June 13 and would no longer accept dollar deposits. The decision comes after the SEC asked a federal court to freeze Binance.US' assets, while suing its global entity Binance and rival exchange Coinbase for violating the federal securities law. The resulting worsening of the market depth saw bitcoin trade at a premium of more than $1,000 on the exchange at one point.
- Bitcoin Trades at Narrow Discount on Binance.US CoinDesk
- Banks are cutting off Binance's access to U.S. banking system, exchange says CNBC
- The Good, the Bad and the Ugly in Cybersecurity - Week 23 SentinelOne
- Why crypto giants Binance and Coinbase have had a very rough week MSNBC
- Op-ed: Why the SEC should stay away from crypto (Part I) CryptoSlate
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