Binance.US is under investigation from SEC over trading affiliates: Report By Cointelegraph

The U.S. Securities and Exchange Commission (SEC) has reportedly launched a probe into major crypto exchange Binance’s U.S. arm regarding trading firms connected to Binance CEO Changpeng Zhao.

According to a Tuesday report from the Wall Street Journal, the SEC is looking into the relationship between Binance.US and trading firms Sigma Chain AG and Merit Peak. The federal regulator has reportedly requested information from the U.S. crypto exchange on the two companies and is investigating how it may have disclosed its potential links to the market makers to users.