According to Fortune, three senior executives have left Binance: Binance’s general counsel Hon Ng, senior vice president of compliance Steven Christie, and chief strategy officer Patrick Hillmann.. After that, the head of Binance Changpeng Zhao denied the allegations.
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But it seems that users do not like the pressure of U.S. regulators on the largest cryptocurrency exchange too much and are looking for alternatives. Thus, while at the beginning of the year the company had 72% of the CeFi market, now the volume has dropped to 58%.
Amid the decline in trading volume on Binance, other exchanges have recorded an increase in the index. So, if the exchange Upbit at the beginning of the year was responsible for 11% of the trading volume, now it already makes 16% of transactions by volume.
Earlier it was also reported that along with the departure of users from Binance, bitcoin stocks on the site are also declining – in June the index decreased by 3.5%.<br