DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Bitcoin Ethereum Briefings Blockchain Security Mining Altcoin Research NFT
Timeline Hourly market signal stream Sources Publisher health and coverage Topics Curated crypto topic hubs Entities Assets, firms, people, regulators Media Kit Audience and placement options Search Advanced archive filters
Cryptocurrency Cryptonews

Documents Reveal Binance.US Suffered a $181 Million Loss in 2022

Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed. The loss came despite Binanc...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Documents Reveal Binance.US Suffered a $181 Million Loss in 2022
Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.
The loss came despite Binance.US receiving some $132 million last year from its parent company BAM Management, and occurred due to challenging market conditions in crypto, according to FGMK, an auditor hired by Binance.US.
The news was first reported by the Wall Street Journal on Wednesday....
Read More: Documents Reveal Binance.US Suffered a $181 Million Loss in 2022

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context