BROADCASTS.com

In the wake of FTX\u2019s collapse, Binance \u2013 already the biggest exchange in the world by a large margin \u2013 has continued to grow. But a series of challenges, including billions of dollars worth of customer outflows, the winding down of its stablecoin BUSD and the SEC and CFTC lawsuits related to its U.S. operations have challenged its market dominance. Steven Ehrlich, director of research at Forbes Crypto, joins the show to discuss how Binance has been dealing with a deluge of bad news and how it plans to forge a path forward.\xa0\n\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nhow the collapse of FTX impacted Binance and its market dominance\n\nhow Binance has been losing market share over the past few months\n\nwhy Steven believes that Binance.US is in a "very tenuous situation"\n\nwhether Binance is feeling stronger now that the SEC experienced a partial loss in the Ripple case\n\nthe consequences of consumers losing trust in Binance, according to Steven\n\nthe speculation around the recently filed sealed motion filed by the SEC\n\nwhether the theory that Binance is the next FTX has some merits\n\nhow Binance.US needs to recuperate some market volume to increase its revenue\n\nThank you to our sponsors!\n\nCrypto.com\n\nArbitrum Foundation\n\nThales DAO\n\nToku\n\nGuest\n\nSteven Ehrlich, director of research at Forbes Crypto\nLinks\n\nWSJ:\xa0\n\nBinance, the Biggest Player in Crypto, Is Facing Legal Risks Over Russia\n\nMore Binance Executives Leave, Including Some Overseeing Russia\n\nHow the Binance CEO Operates: Weigh the Risk, Calculate the Reward\n\nWhat Is Happening With Binance?\n\nBinance Lays Off Over 1,000 Employees\n\nSome Binance.US Crypto Trading Was a Mirage, the SEC Alleges\n\nBinance.US Legal, Risk Executives Leave the Crypto Exchange\n\nReuters:\xa0\n\nCrypto exchange Binance hit by executive exodus\n\nPaxos receives U.S. SEC notice over Binance's stablecoin 'BUSD'\n\nBinance CEO's trading firm received $11 billion via client deposit company, SEC says\n\nThe Block:\n\nBinance.US can't grow until CZ sells stake, fixes regulatory issues: sources\n\nBinance to end support for BUSD, encourages conversion to FDUSD\n\nMastercard, Binance end crypto card partnership in four countries\n\nBinance withdraws crypto license application in Germany\xa0\n\nCoinDesk: SEC's Secret Binance Court Filing Has Observers Bracing for Bad News\n\n\nJohn Reed Stark\u2019s post on X\xa0\n\nCFTC: CFTC Charges Binance and Its Founder, Changpeng Zhao, with Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange\n\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices