Binance.US market depth plunges by 78% following SEC lawsuit, | CRYPTO EASE ™️
Binance.US market depth plunges by 78% following SEC lawsuit, raising liquidity concerns. Departure of market makers from the platform attributed to the decline in market depth. Market depth indicates liquidity and depth of order books. Reduced liquidity poses challenges for traders in executing orders effectively. Traders may face increased slippage and difficulties in obtaining desired trade execution prices. Lack of liquidity undermines efficiency and attractiveness of Binance.US. SEC lawsuit triggered over $2.5 billion net outflows from Binance and $112 million from Binance.US. Binance CEO disputes the figures reported. Binance.US needs to address liquidity concerns promptly to regain market confidence. Stay tuned for further updates on this evolving situation.
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