Posted 11/22/2023, 5:22:46 PM
Binance Exits US Market, Pays $4B Over AML; BNB and Major Coins Drop, Uniswap's UNI Surges
- Bitcoin and Ethereum trading sideways; BNB drops 11% after Binance CEO steps down and pleads guilty to AML violations
- Binance to pay $4 billion settlement and fully exit US market due to insufficient AML/KYC controls
- BNB trading volume spiked to highest levels since 2021 bull market as traders sell holdings
- Other major coins like Avalanche, XRP, and Dogecoin see minor 2-9% drops
- Uniswap's UNI token surges 12%