What is Binance doing with US cryptocurrencies?

June 17 (Reuters) - Binance, the world's biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved.

What is the difference between Binance & Binance?

The other big difference is that Binance.US does not offer margin trading or futures contracts, while Binance does. Both platforms offer low fees. Finally, unlike Binance’s stance that it has no headquarters, the U.S. arm is clearly based in Palo Alto, California. The SEC suit is specifically against Binance.US and Zhao and not the larger exchange.

Does Binance have a security policy?

“Binance has shown its commitment to security and compliance,” says a company spokesperson. Binance’s proximity to its collapsed competitor FTX has given federal prosecutors reason to seek new information in their 4-year-old investigation into the world’s largest crypto exchange.

Will Binance pay $4.3 billion restitution?

A federal judge approved a plea deal by Binance on Friday, requiring the beleaguered cryptocurrency exchange to pay more than $4.3 billion in fines and restitution, after the company and its founder Changpeng Zhao pleaded guilty late last year to breaking anti-money laundering laws and violating sanctions.