Crypto.com to halt US institutional exchange offering; retail users unaffected
The company's institutional exchange will also remain open outside of the U.S.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Amid regulatory scrutiny, Binance.US will halt USD payment channels by June 13.
The SEC claimed in a court filing that Changpeng Zhao's Merit Peak received billions in customer funds from Binance's American exchange.
U.S. regulatory pressure has led to an increased demand from Coinbase users who want to withdraw their staked Ethereum.
Commonwealth Bank follows Westpac in restricting payments to crypto exchanges.
Ark Invest's Wood says that while Binance is in hot water with the SEC for fraud, Coinbase has not been accused of any criminal activity.
The filings contain portions of the testimony given by Catherine Coley and Brian Brooks about their experience in leading Binance.US and the main hurdles they faced in the job.