As regulatory issues intensify, Binance US loses several key executives.
Today, Sidney Majalya, the Chief Risk Officer, and Krishna Juvvadi, the head of legal, both resign.
This comes amid increasing scrutiny from the SEC and the U.S. Securities and Exchange Commission.
The company’s market share in the United States has declined from 22% in April to 0.9% as of June 26, and its market share globally has dropped from 2.39% to just 0.6%.
The company is at a pivotal crossroads, and whether it can adapt to the changing regulatory landscape and regain its lost market share will be a significant test of its future viability.
The challenges are stacking up on multiple fronts, both domestically and internationally.
Binance US Market Share Takes a Hit Binance is currently the largest cryptocurrency exchange in the world with a daily trading volume of close to $4.6 billion.
But Binance shares have suffered a severe hit in the