Binance.US Plunges As Market Makers Rush To Exit, Market Depth Down 80%

Binance.US, the US subsidiary of popular cryptocurrency exchange Binance, has experienced a significant drop in liquidity, with market makers and traders reportedly fleeing the exchange in large numbers. According to data from crypto market data provider Kaiko, liquidity, as measured by aggregated market depth for 17 tokens on the exchange, has fallen nearly 80% over the past week.
On June 4, the day before the Securities and Exchange Commission (SEC) lawsuit, market depth was $34 million, but t