The U.S.-based exchange said on Friday that users should withdraw USD as soon as possible following the SEC’s “extremely aggressive and intimidating tactics” against the company. The platform has suspended U.S. dollar deposits and will delist USD trading pairs shortly, while it temporarily transitions to a crypto-only exchange.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- EVM Finance. Unified Interface for Decentralized Finance. Access Here.
- Quantum Media Group. IR/PR Amplified. Access Here.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.coindesk.com/markets/2023/06/09/sec-clampdown-spurs-4b-deposit-flight-from-binance-coinbase-and-binanceus/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- :has
- a
- against
- aggressive
- and
- AS
- binance
- BINANCE.US
- clampdown
- coinbase
- Coindesk
- company
- deposit
- deposits
- Dollar
- exchange
- extremely
- flight
- following
- Friday
- from
- HTTPS
- images
- intimidating
- IT
- jpg
- on
- pairs
- platform
- plato
- Plato Data Intelligence
- PlatoData
- possible
- s
- SEC
- Shortly
- should
- Soon
- suspended
- tactics
- that
- The
- to
- Trading
- trading pairs
- transitions
- u.s.
- u.s. dollar
- us
- USD
- USD trading
- users
- while
- will
- withdraw
- zephyrnet
More from CoinDesk
Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting
Source Node: 1927180
Time Stamp: Jan 27, 2023
SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations
Source Node: 2127577
Time Stamp: Jun 10, 2023
Crypto Exchange Binance Hires Former Brazilian Central Bank President as Adviser
Source Node: 1654392
Time Stamp: Sep 5, 2022
Binance, Huobi Block FTT Deposits After $400M Worth of Tokens Illicitly Released
Source Node: 1754805
Time Stamp: Nov 13, 2022
Two Soccer Teams Transfer a South American Player Using USDC, But There’s Collateral Damage
Source Node: 1599532
Time Stamp: Jul 29, 2022
Cardano Developer IOG Releases Lace Wallet, Boosting ADA Ecosystem
Source Node: 2053876
Time Stamp: Apr 11, 2023
Solana Network Stumbles, On-Chain Trading Slows After ‘Forking’ Incident
Source Node: 1978511
Time Stamp: Feb 25, 2023
SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme Coins
Source Node: 2502205
Time Stamp: Mar 2, 2024
Sam Bankman-Fried Negotiating Bail Conditions: Court Filing
Source Node: 1935424
Time Stamp: Feb 2, 2023
Sorry, Ether: Sound Money Doesn’t Exist and Neither Does ‘Ultra’ Sound Money
Source Node: 1715665
Time Stamp: Oct 2, 2022
As Congress Bickers, the Rest of World Recognizes Stablecoins
Source Node: 2224282
Time Stamp: Aug 18, 2023