Binance.US is facing a severe decline in trading activity in September 2023, hitting a low of $5.09 million.
Binance.US halted trading for over 100 token pairs following the SEC's lawsuit.
Binance.US,
the American offshoot of the global cryptocurrency exchange Binance, is struggling
with a series of unprecedented challenges that might have led to a significant
decline in trading activity.
On
September 16, 2023, the trading volume on Binance.US plummeted to a mere $5.09
million, according to data from Amberdata on The Tie Terminal. This marks a
stark contrast from September 17, 2022, when the exchange boasted a trading
volume of approximately $230 million.
Binance.US exchange volume over the past 12 months. Source: The Tie Terminal/Amberdata
The
month of September has been particularly bleak for Binance.US, with the lowest
point recorded on September 9, when trading activity dipped to just $2.97
million. This drastic drop in trading volume is anticipated for a combination
of external and internal factors that have shaken the exchange to its core.
Binance.US’s Regulatory Troubles and SEC's Lawsuit
One
of the most significant blows to Binance.US occurred on June 5, 2023, when the U.S.
Securities and Exchange Commission (SEC) filed a lawsuit against both Binance and
Binance.US. The charges raised against the exchanges include unregistered
securities offerings, wash trading, and other violations.
The
SEC alleges that Binance.US failed to register as a broker-dealer and neglected
to register the offer and sale of its staking-as-a-service program.
In
the wake of this lawsuit, Binance.US took the extraordinary step of suspending
trading for more than 100 token pairs. This move triggered a rapid decline in
exchange activity and investor confidence.
Binance's CEO, Changpeng "CZ" Zhao, and Binance.US. In response to
speculation surrounding Shorder's departure, CZ said on X (formerly Twitter)
that the executive was taking a "deserved break."
CZ wrote: “Under
his leadership, Binance.US raised capital, improved its
product and service offerings, solidified internal processes, and gained
significant market share, all of which helped to build a more resilient company
for the benefit of customers. We are grateful for his contributions.”
SEC
Allegations of Non-Cooperation
The
challenges for Binance.US continue to mount, as the SEC has accused the
exchange of non-cooperation in the ongoing investigation. The SEC claims that
during the discovery process, Binance.US produced only 220 documents, raising
concerns about its commitment to resolving legal disputes. In a recent
development, a judge issued an order on September 15, granting the SEC's motion
to unseal documents related to the case. These documents, which were previously
sealed or redacted at the SEC's request, are now set to be made available in
the coming days, potentially shedding further light on the exchange's
activities.
The
future of Binance.US remains uncertain as it grapples with these multifaceted
challenges. Investors and industry observers are closely watching to see how
the exchange will navigate its legal troubles, rebuild its leadership team, and
regain the trust of the cryptocurrency community.
Binance.US,
the American offshoot of the global cryptocurrency exchange Binance, is struggling
with a series of unprecedented challenges that might have led to a significant
decline in trading activity.
On
September 16, 2023, the trading volume on Binance.US plummeted to a mere $5.09
million, according to data from Amberdata on The Tie Terminal. This marks a
stark contrast from September 17, 2022, when the exchange boasted a trading
volume of approximately $230 million.
Binance.US exchange volume over the past 12 months. Source: The Tie Terminal/Amberdata
The
month of September has been particularly bleak for Binance.US, with the lowest
point recorded on September 9, when trading activity dipped to just $2.97
million. This drastic drop in trading volume is anticipated for a combination
of external and internal factors that have shaken the exchange to its core.
Binance.US’s Regulatory Troubles and SEC's Lawsuit
One
of the most significant blows to Binance.US occurred on June 5, 2023, when the U.S.
Securities and Exchange Commission (SEC) filed a lawsuit against both Binance and
Binance.US. The charges raised against the exchanges include unregistered
securities offerings, wash trading, and other violations.
The
SEC alleges that Binance.US failed to register as a broker-dealer and neglected
to register the offer and sale of its staking-as-a-service program.
In
the wake of this lawsuit, Binance.US took the extraordinary step of suspending
trading for more than 100 token pairs. This move triggered a rapid decline in
exchange activity and investor confidence.
Binance's CEO, Changpeng "CZ" Zhao, and Binance.US. In response to
speculation surrounding Shorder's departure, CZ said on X (formerly Twitter)
that the executive was taking a "deserved break."
CZ wrote: “Under
his leadership, Binance.US raised capital, improved its
product and service offerings, solidified internal processes, and gained
significant market share, all of which helped to build a more resilient company
for the benefit of customers. We are grateful for his contributions.”
SEC
Allegations of Non-Cooperation
The
challenges for Binance.US continue to mount, as the SEC has accused the
exchange of non-cooperation in the ongoing investigation. The SEC claims that
during the discovery process, Binance.US produced only 220 documents, raising
concerns about its commitment to resolving legal disputes. In a recent
development, a judge issued an order on September 15, granting the SEC's motion
to unseal documents related to the case. These documents, which were previously
sealed or redacted at the SEC's request, are now set to be made available in
the coming days, potentially shedding further light on the exchange's
activities.
The
future of Binance.US remains uncertain as it grapples with these multifaceted
challenges. Investors and industry observers are closely watching to see how
the exchange will navigate its legal troubles, rebuild its leadership team, and
regain the trust of the cryptocurrency community.
KuCoin Rolls Out MiCA-Regulated Crypto Platform Across 29 EU Markets
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
