Binance.US Weekly Trading Volume Declines Amid Growing Regulatory Pressure

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. The weekly trading volume of Binance Us, the American wing of the world's largest Cryptocurrency exchange has fallen from a yearly high of nearly $5 billion to just 40 million. That's according to CACO data. The chart shows a steep decline following the sec filing a suit against the exchange in June accusing the company of violating securities laws. Just yesterday. A US judge declined to order us to make its executives more available for depositions in the ongoing legal battle. Binance US announced last week that Ceo Brian Schroeder along with the head of legal and Chief Risk Officer stepped down from their respective roles. Approximately a third of its workforce has also been laid off. That's it for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.