Binance Extended Crypto Exchange Dominance During May Trading Frenzy
Binance led competitors in May with a monthly trading volume of $2.46 trillion, up 49% from April levels.
“We are working hard to provide an alternative USD solution,” the exchange told traders in a widely shared email whose authenticity CoinDesk confirmed.
Binance declined to comment on Wei's whereabouts.
WazirX denied receiving any show cause notice from the agency.
The move comes as officials in mainland China have upped the pressure on crypto mining and trading.
Binance said it froze the Hamas-linked wallet.