Industry Eyes Liquidation Reporting Amid Regulatory Approval

[etfs]

As Binance edges closer to South Korean approval, scrutiny grows over liquidation reporting. Last Friday, a market shock triggered $19 billion in liquidations, including $706 million on Binance alone, following Trump’s China tariffs announcement.

Critics argue exchanges may underreport liquidations. Jeff Yan, CEO of Hyperliquid, noted: “Even if thousands of liquidation orders occur in the same second, only one may be reported… under-reporting could easily reach 100x in some cases.”

South Korean authorities may investigate these claims, meaning Binance’s market entry comes amid heightened transparency and regulatory pressure.