4min chapter

Crypto Critics' Corner cover image

Binance in Trouble (streamed live on March 27th, 2023)

Crypto Critics' Corner

CHAPTER

The Pervasiveness of Binance in the US

The CFTC did a good job of laying out is how pervasive US persons using Binance was. There was internal financial reporting that showed at different times that 16 to 19% of the revenue could be attributed to the United States for the first several years. And we knew this because we were around back then, they didn't do anything to stop US customers,. It was just a complete free for all. We can pretend it's trading, but it's really gambling.

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