Bitcoin BTC Trading Volume at Binance Halves Amid SEC, DOJ Scrutiny; Coinbase (COIN) Benefits

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Binance Pulls Back German Crypto License Application

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“The ongoing DOJ and SEC cases vs. Binance may have dissuaded market makers from trading on Binance, explaining parts of the decline,” K33 Research senior analyst Vetle Lunde said. “Some market making has probably leaked to other exchanges, but it’s still almost certain that Binance’s woes negatively impact market volumes,” he added.

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