

De-fi
BTC, ETH, And BNB Trade At A Premium On Binance.US After Court Orders Asset Freeze – Crypto News
Bitcoin, Ethereum, and Binance’s native BNB token are trading for a premium on Binance.US, compared to the wider market.
The deviation comes amid legal charges from the Securities and Exchange Commission and a court order earlier today to approve a movement to freeze assets for Binance companies BAM Management and BAM Trading.
As of 2130 ET, Bitcoin is trading roughly 2.5% higher on Binance.US versus its international counterpart. The premium rose as high as 7% earlier in the day when news of the asset freeze first broke.
Similarly, Ether is trading 2% higher, while Binance’s BNB token has closed the gap to 1%.
“It may be that users think they won’t be able to get their dollars, or other more speculative cryptocurrencies, out of Binance US, so they are converting to Bitcoin and other assets they would rather hold,” Steven Lubka, managing director at Swan Bitcoin, a trading firm, told The Defiant.
Users may also be anticipating a trading shutdown, according to Lubka. “Arbitrage traders may also be unwilling to deposit funds to take advantage of the spread,” he said.
“It’s estimated that Binance and Binance US have experienced over $1.2bn in net withdrawals since the lawsuit announcement,” said Nauman Sheikh, managing director of Wave Digital Assets, an SEC-registered advisory firm.
“Consequently, BTC and ETH are trading at a significant premium. Normally, this premium would be arbitrage away as traders deposit BTC and ETH on Binance.US to capitalize on the higher price. However, due to current exchange risks, the premium persists,” Sheikh told The Defiant.
‘No Need To FUD’
Now, as Binance CEO Changpeng Zhao is ordered to respond to a US District Court summons, he maintains that he doesn’t need to appear in person and said there is, “No need to FUD.”
CZ’s sentiment would appear to be shared by Binance traders, who, despite the news, have not withdrawn significant amounts from the centralized exchange, according to on-chain data. shows,
Some observers pointed out that investors’ reactions to the alleged commingling of assets contrasted sharply with the collapse of FTX last year.
Services Halted
Under pressure from the SEC, Binance.US said it would streamline its buy, sell, and convert services, pause its OTC trading terminal, and so that deposits and withdrawals would continue to function as normal.
In addition, effective June 8 at 9am PDT, Binance.US will delist a number of USDT, BTC, and BUSD trading pairs.
Long Term Implications
In the long run, a regulatory crackdown on Binance may mean “a slowdown in VC funding for crypto companies, and the offshoring of the crypto industry,” said Lubka.
The legal proceedings to follow may go swiftly for Binance if the company did “outright illegal things with customer funds,” according to Lubka, who added that a lawsuit against Coinbase may be dragged out in court.
With the loss of trading pairs on Binance.US, users may pivot towards DeFi platforms, according to Sheikh.
“Decentralized exchanges (DEXs) offer a wider selection of pairs compared to the alternative US-based centralized exchanges,” said Sheikh, adding that “US investors, particularly retail, will not have access to foreign exchanges, so their options are limited.”
Still, Sheik warns that a migration to DeFi may yet “be tempered by the regulatory headwinds.”
-
Blockchain1 week ago
Ripple and Ctrl Alt Team to Support Real Estate Tokenization – Crypto News
-
others1 week ago
EUR/USD recovers with trade talks and Fed independence in focus – Crypto News
-
Technology1 week ago
Fed Rate Cut Odds Surge As Powell’s Future Hangs In The Balance – Crypto News
-
Cryptocurrency1 week ago
It’s a Statement, Says Bitfinex Alpha – Crypto News
-
Metaverse1 week ago
Why voice is emerging as India’s next frontier for AI interaction – Crypto News
-
Technology1 week ago
Fed Rate Cut Odds Surge As Powell’s Future Hangs In The Balance – Crypto News
-
Business1 week ago
XLM Is More Bullish Than ETH, SOL, And XRP, Peter Brandt Declares – Crypto News
-
Cryptocurrency1 week ago
Anarchy, crime and stablecoins – Blockworks – Crypto News
-
Blockchain4 days ago
Institutional Demand Surges As Ethereum Sets New Inflow Records – Crypto News
-
others1 week ago
Top Crypto Exchange by Trading Volume Binance Announces Airdrop for New Ethereum (ETH) Ecosystem Altcoin – Crypto News
-
Cryptocurrency1 week ago
Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to ‘Base App’ – Crypto News
-
Technology6 days ago
“Decentralized Ponzi Scheme”- Gold Bug Peter Schiff Slams Landmark Crypto Bills – Crypto News
-
Cryptocurrency5 days ago
Altseason heats up, but Bitcoin could face short-term pullback – How? – Crypto News
-
Cryptocurrency1 week ago
1inch price forecast: 1INCH hits 7-month high after double digit gains – Crypto News
-
Cryptocurrency1 week ago
1inch price forecast: 1INCH hits 7-month high after double digit gains – Crypto News
-
others1 week ago
VanEck Details Key Drivers Boosting Bitcoin Price, Including Corporate Treasury Demand, ETF Flows and More – Crypto News
-
Business1 week ago
XRP Lawsuit Update: Ripple Paid $125M in Cash, Settlement Hinges on Appeal – Crypto News
-
De-fi1 week ago
BNB Chain Teases New Blockchain with Privacy Features to Compete With Crypto Exchanges – Crypto News
-
Technology7 days ago
Breaking: GENIUS Act Becomes First Major Crypto Legislation as Trump Signs Bill – Crypto News
-
Cryptocurrency6 days ago
California Sheriffs Believe 74-Year-Old’s Disappearance Linked to Son’s Crypto Fortune – Crypto News
-
Cryptocurrency6 days ago
Shytoshi Kusama Breaks Silence on New SHIB AI Whitepaper and Transformed Future – Crypto News
-
Cryptocurrency4 days ago
XRP Price Hits All-Time High at $3.66 — Can It Smash Through $4 After Trump Win & SEC Shake-Up? – Crypto News
-
Technology1 week ago
XLM Price Forecast: Why Stellar Lumens May Crash After 80% Rally in Last 7 Days – Crypto News
-
Cryptocurrency1 week ago
Hypercharged Exposure to XRP and Solana Now Available With These Two ETFs – Crypto News
-
Blockchain1 week ago
BitMine Shares Rallied After Peter Thiel Investment. – Crypto News
-
others1 week ago
Scammer Drains $10,000,000 From IRS in International Tax Fraud and Identity Theft Scheme: DOJ – Crypto News
-
Business1 week ago
XRP ETF Still in Play- SEC Commissioner Debunks Rejection Speculations – Crypto News
-
Business1 week ago
Ethereum Price Prediction- Bulls Target $3,700 As ETH Treasury Accumulation Soars – Crypto News
-
others1 week ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
others1 week ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
Cryptocurrency1 week ago
Russia’s $85 Billion Sberbank to Launch Crypto Custody Services – Crypto News
-
De-fi1 week ago
U.S. House Passes Clarity, GENIUS, and Anti-CBDC Acts With Historic Bipartisan Support for Crypto – Crypto News
-
Cryptocurrency7 days ago
XRP Price Spikes to Record Highs As Momentum Signals Extended Gains – Crypto News
-
Blockchain7 days ago
Why Bitcoin self-custody is declining in the ETF era – Crypto News
-
Cryptocurrency7 days ago
US House passes three key crypto bills; market reaction muted as Bitcoin dips – Crypto News
-
De-fi6 days ago
Crypto Market Cap Hits $4 Trillion Milestone as US House Passes Landmark Bills – Crypto News
-
De-fi6 days ago
Crypto Market Cap Hits $4 Trillion Milestone as US House Passes Landmark Bills – Crypto News
-
others5 days ago
Why Is The Crypto Market Rising Today? – Crypto News
-
Cryptocurrency5 days ago
Sanctum acquires Ironforge, plots transaction infrastructure vertical – Crypto News
-
Blockchain4 days ago
How to Use Google Gemini to Turn Crypto News Into Trade Signals – Crypto News
-
Blockchain3 days ago
XRP Could Skyrocket 500% Against Bitcoin, Analyst Warns – Crypto News
-
Cryptocurrency1 week ago
Exclusive: Bitwise to roll out daily attestations for bitcoin ETFs – Crypto News
-
Metaverse1 week ago
Broadcom challenges Nvidia’s AI dominance with ultra-connected Tomahawk networking chip launch – Crypto News
-
De-fi1 week ago
Solana RWA Growth Outpaces Ethereum in 2025 – Crypto News
-
Cryptocurrency1 week ago
Nothing Burger or Crypto Catalyst? – Crypto News
-
Metaverse1 week ago
Nvidia’s Jensen Huang says AI ‘fundamental like electricity’, praises Chinese models as ‘catalyst for global progress’ – Crypto News
-
Business1 week ago
$800 Billion JPMorgan To Rival Tether, Circle, and Ripple In Stablecoin Race – Crypto News
-
Cryptocurrency1 week ago
300% Bitcoin (BTC) Skyrocketing, Ethereum (ETH) Below $3,000 Again, Was Shiba Inu (SHIB) Dump Controlled? – Crypto News
-
De-fi1 week ago
TAC Token Rallies 50% as TON Application Chain Launches to Bring DeFi Back to Telegram – Crypto News
-
others1 week ago
Crypto Exchange Hack: BigONE Users Lose A Massive $27 Million In Recent Exploit – Crypto News