With the recent #fuds. spreading about the #Binance US entity and the #SEC , it is paramount to understand how the binance establishment works globally.
Here are five (5) basic insights to note;
1. Binance.com and Binance.US operate as separate entities; therefore, any suspension related to #USD deposits and withdrawals on Binance.US would not directly affect Binance.com.
2. Binance.US have separate business partners in the US, both parties currently facing bank challenges as a result of the SEC's claims. Binance.com has not been affected by these issues.
3. Binance.US has a significantly lower trading volume than Binance due to its limited user base.
4. Binance.US also offers fewer cryptocurrencies and trading pairs than Binance. The list of assets under the sec review as proposed securities, are only liable or relate to the binance.us exchange.
5. Binance.com (Unbranded as Binance Holdings Ltd) is the global company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. They however, have more features and options for users, than binance.us
Meanwhile, Binance US remains open to a productive compromise that enables a thriving digital asset marketplace in America. Binance.US will continue to vigorously defend itself, all customers, and industry against the meritless attacks of the SEC.
To be continued #crypto2023 đŹ....âïž
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