The world's largest cryptocurrency exchange is reportedly being probed by the CFTC over concerns it facilitated crypto derivatives trading for US-based customers.
Binance, the world’s largest cryptocurrency exchange by trade volume, is reportedly under investigation by the United States Commodity Futures Trading Commission regarding possible trades made by US-based customers.
Binance Holdings Ltd is being investigated by the watchdog concerning possible derivatives trades made by American customers, Bloomberg reported on Friday, after being tipped off by an anonymous source.
The exchange has not yet been accused of any wrongdoing, however, regulators are now reportedly seeking to determine whether cryptocurrency derivatives were bought and sold by US citizens on the Binance platform.
A Binance spokesperson told Cointelegraph, “We do not comment, as a matter of policy, on communications with any regulators.