Data from CCData shows that in August, Binance.US’s monthly trading volume dropped 98% from January 2022, and is expected to decline further in September.
According to CCData, from the beginning of September to September 15, Binance.US had a turnover of $115.7 million, while the volume in August exceeded $286 million.
Most of the decline has occurred since March, when the U.S. Commodity Futures Trading Commission accused Binance of violations.
The SEC sued Binance.US, CZ and Binance in June, accusing them of a series of violations, including misrepresenting trading controls and supervision on the Binance.US platform. The SEC accused Binance.US in a filing on Monday of failing to clarify the facts.