In today’s briefing:
- Market Makers Flee Binance.US
Market Makers Flee Binance.US
- Binance.US is bleeding. One week after the SEC lawsuit, market makers and traders have fled the exchange en masse.
- Liquidity, as measured by aggregated market depth for 17 tokens on the exchange, has fallen nearly 80% over the past week.
- On June 4, the day before the SEC lawsuit, market depth was $34mn. Today, market depth is just $7mn.
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