In addition, Binance is also facing charges from both the Commodities Futures Trading Commission and the US Securities and Exchange Commission, causing some trading firms to scale back their activity on the exchange.
The recent surge in the price of Bitcoin to its highest level since the spring of 2022 has sparked a significant increase in user activity on spot exchanges.
The NFT market experienced last month its lowest trading volume since January 2021, according to a report from Binance Research.
FTX is currently considering three options for reorganizing its crypto exchange: partnering with another company, remaining independent, or finding a buyer.
According to sources familiar with the matter, Binance has reportedly established a crypto exchange in Hong Kong and is interested in obtaining a local crypto license.
Jonathan Farnell, the head of the British division of Binance crypto exchange and part-time CEO of its payment firm Bifinity, left the company last month.
Santiment has reported that there has been a consistent decrease of ether (ETH) on exchange addresses over the past few months.
