Binance Is Accused of Allowing US Companies to Enter the Platform

Apart from alleging that Binance permitted US traders on its global platform, the CFTC’s complaint also claims that Binance granted exclusive privileges to some of its largest VIP clients, mainly in the form of expedited trade execution. To support its claim, the CFTC cites an example in which a New York-based trading company with VIP status received a 5-10 millisecond advantage over non-VIP customers. Although the firm remains unnamed, it is known as “Trading Firm B” and is said to be one of Binance’s top clients. Joe Saluzzi, a partner at Themis Trading, responded to these findings, stating that such a benefit can result in the VIP customer earning more profits at the expense of others. He also expressed concern on behalf of other customers who may feel aggrieved.

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