Bitcoin Trading at Premium on Binance US Amid SEC Lawsuit and Asset Freeze Motion In light of the U.S.
Securities and Exchange Commission’s (SEC) recent lawsuit against
Binance, as well as the motion to
freeze assets connected to Binance US — its American subsidiary — BTC is
being traded at a premium on the U.S. platform. This premium exclusively impacts the BTC/USD pair on Binance US.Moreover, reports released in early April
suggested that Binance US was struggling to secure a banking partner in the United States. Currently, Binance US’ status page confirms that though
ACH transfers are accessible, there are complications with debit card and wire services. Furthermore, Binance’s international exchange faced pricing inconsistencies
in Australia when AUD withdrawals were suspended. Over the most recent 24-hour period,
Binance US registered $255 million in trade volume. This report comes after the substantial outflow that Binance saw since June 3.
