Crypto Market Slump: Regulatory Pressures and Falling Demand Shake up the Scene

The crypto market continues to experience a decline in cumulative volume, and recent developments aren’t helping. Decreasing investor interest and uncertainties about Binance‘s future in the U.S. have led to a significant hit on the market. Today, another exchange announced a limitation on its services in the country, suggesting that Bitcoin’s price might continue on a negative trend. Crypto Exchange Withdraws from Country Starting from June 21, Cryptocom exchange announced it would suspend its corporate swap service in America. The Singapore-based crypto exchange cited limited demand from corporate clients and current market conditions as the reasons behind this decision. It was noted in the announcement from the exchange that corporate users of the platform were given prior notification about the suspension of service. The exchange’s mobile app that serves individual investors remains accessible in the U.S., and no steps are to be taken back in this regard. American individual investors […] The post Crypto Market Slump: Regulatory Pressures and Falling Demand Shake up the Scene appeared first on COINTURK NEWS.