The lawsuits against Coinbase and Binance have sharply reduced the interest of Latin Americans in these cryptocurrency exchanges.
In addition, users of Binance began to withdraw funds from the trading platform due to fears that it will suspend services to traders in connection with the investigation of the U.S. Securities and Exchange Commission (SEC).
In Latin America, the Bitget exchange has been growing in popularity since the beginning of summer. The number of its users in Brazil grew by 54%. The volume of deposits on this platform soared by 208%. On average, the number of Bitget users in South America has increased by 43% since the beginning of June.