![]() BTC, ETH, LTC, BCH, and BNB are all traded against BUSD. ![]() The fiat market had crypto coins traded against stablecoins such as the Rupiah Token (IDRT), Binance USD (BUSD), and StableUSD (USDS). The only pair in the Altcoin market was BNB/ETH. BTC was traded against BNB, ANKR, BOLT, and COS. In the BNB market, the following assets were traded against Binance Coin: VRAB, AVA, AERGO, RUNE, TRXB, ARN, CRPT, CAS, UND, and EOSBEAR. There were 135 Binance DEX trading pairs available on the platform and they are divided into 4 markets: BNB market, BTC market, Altcoin market, and Fiat Market. It was discontinued on the 2nd of September, 2022 after the BNB beacon mainnet reached a block height of 264 million. These are due to restrictions set by these countries.Īt the time of writing this, the Binance DEX platform is no longer active. However, users from the following countries were not able to use Binance DEX: United States of America, Albania, Bosnia and Herzegovina, Belarus, Congo (DRC), Côte d’Ivoire, Crimea, Cuba, Iraq, Iran, North Korea, Liberia, Macedonia, Myanmar, Serbia, Sudan, Syria, Zimbabwe. Since the Binance DEX cryptocurrency exchange is decentralized, it didn't require users to undergo the KYC process. The platform was built on the Binance Chain. As Binance DEX was non-custodial, users have full control over their keys. ![]() Binance DEX crypto exchange was created to give users more control over their funds, as users could make trades without third-party controls. The SEC charged Binance with a deception of investors and trade turnover manipulation and Coinbase with illegal trading with securities.Binance DEX was launched on February 20, 2019, by Binance – one of the world’s leading cryptocurrency exchange platforms. regulator accused two large centralized platforms of violating U.S. Thus, Binance recorded an outflow of funds in the amount of $778 million. According to analytical company Nansen, over the past two days, Binance users withdrew more than $1.6 billion from the platform, while the inflow of funds amounted to only $871 million. Trading volume figures on CEXs didn’t show a significant decrease, but net outflow of funds from centralized crypto exchanges turned out to be considerable. Curve (Ethereum) saw a $51 million (+50%) rise in trading volume over the last week, reaching $153 million, with trading activity growing by 18% over the last two days.Trading volume on PancakeSwap V3 (BSC) grew by $37 million (+41%) over the last seven days and reached $126 million, with trading activity increasing by 46% over the last two days.Uniswap V3 (Arbitrum) showed a 22% increase in trading volume over the last two days, with weekly trading volume up $106 million (+51%), reaching $393 million.Trading volume on Uniswap V3 (Ethereum) reached $978 million, showing an increase of $300 million (+45%) over the week, with a 23% surge in trading activity over the last 48 hours.Trading volume on the leading decentralized cryptocurrency exchanges has increased by an average of 30% in the last 48 hours, and the weekly trading activity figure showed a growth of more than 50%.Īccording to CoinGecko, the total trading volume on the four largest DEXs went up by ~$494 million between June 1 and June 7. Major decentralized cryptocurrency exchanges (DEX) are showing growth in trading volume after the Securities and Exchange Commission (SEC) filed charges against Binance and Coinbase. ![]() Trading Volume on DEXs Rises Amid SEC Pressure on CEXs ![]()
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