Binance Australia Derivatives Business Reviewed by Regulator
- Review includes categorization of retail and wholesale clients
- Binance earlier said some Australia users wrongly classified
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The Australian Securities and Investments Commission said it’s conducting a “targeted review” of the local derivatives business of Binance, the world’s largest crypto exchange.
The review includes Binance’s “classification of retail clients and wholesale clients,” a spokesperson for the regulator said in a statement on Friday.