"IF there is some sort of gov action against Binance.US incoming AND market makers who usually do business there know about it, THEN it's possible they left and there isn't enough liquidity & possibilities for arbitraging are diminished,"Binance.US' order book was skewed in favor of bids – buy orders – at press time, according to data from Cryptowatch.
"When the liquidity is sufficient, the depth of buy & sell sides is usually constantly changing, but a dynamic balance is maintained. On Binance.US, the order book is imbalanced with significantly more buy orders than sell orders," Ardern told CoinDesk."For a giant exchange, such a depth chart is undoubtedly abnormal. Prime market makers are leaving Binance.US, possibly due to regulatory pressure and renewed compliance requirements.", deviating from its dollar peg.
In contrast, others, including popular pseudonymous trader Byzantine General and crypto exchange OPNX's market maker Alice, said the premiumseeking clarification on the matter and was awaiting a response at press time.