Binance Faces Serious Liquidity Crisis Amid SEC Lawsuit

The “unfortunate series of events” for Binance, one of the world’s largest crypto exchanges, appears to be far from over. The giant crypto exchange began facing serious problems, liquidity being at the forefront, especially after the lawsuit launched by the SEC. These issues, including those arising within Binance’s US affiliate, seem to have hit Bitcoin Cash (BCH) first. Is Binance Experiencing a Liquidity Crisis? Due to the recent BCH liquidity crisis, Binance US had to suspend BCH transactions and withdrawals. As this issue was still on the agenda, a recent announcement from Binance related to this drew criticism and the puzzle pieces fell into place. Famous crypto analyst Adam Cochran shared his own interpretation of the situation. A post shared by Binance Global at the end of June caught Cochran’s attention. According to the post, new trading pairs were added to Binance, and a BCH for TUSD pairing was introduced. […] The post Binance Faces Serious Liquidity Crisis Amid SEC Lawsuit appeared first on COINTURK NEWS.