Binance US could be shut down even with CFTC settlement
Changpeng Zhao (CZ) has denied the CFTC’s claims that Binance was operating an illegal trading shop… how much longer can he keep this up?
Cryptocurrency news by Protos · Protos
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Show Notes
In his first interview after FTX crashed in November, Binance chief Changpeng Zhao (CZ) insisted that Binance is a clean exchange — that it matches trades but doesn’t trade futures or act like a trading shop.
However, yesterday’s complaint filed by the US Commodity Futures Trading Commission against Binance, CZ, and chief compliance officer, Samuel Lim, suggests that the firm most definitely is a trading shop. According to the suit filed in Chicago federal court, Binance has its own unregistered trading operation through its “quant desk.”
Listen to the article to find out why this detail could be the end of Binance.
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