Binance Philippines Users Rush To Liquidate Holdings At Higher Discounts

In the wake of regulatory hurdles in the Philippines, Binance, the leading crypto exchange, faces a tumultuous period as users rush to liquidate their holdings at significant discounts. Meanwhile, the recent ban by the country’s Securities and Exchange Commission (SEC) has prompted a flurry of activity among Binance investors, with reports indicating substantial discounts on USDT and concerns over exorbitant on-chain fees.