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How much money does Binance make a year?

The SEC’s complaint, filed in the U.S. District Court for the District of Columbia, alleges that, since at least July 2017, Binance.com and Binance.US, while controlled by Zhao, operated as exchanges, brokers, dealers, and clearing agencies and earned at least $11.6 billion in revenue from, among other things, transaction fees from U.S. customers.

Why did Binance & am trading have to register with the SEC?

the SEC as a dealer or operate pursuant to an exemption, but did not do trading on the Binance.US Platform) each served as an intermediary i settling alltransactions ble and customer accounts bited and credited by Binance and BAM Trading to settlecustomer ’ transactions. Binance and BAM Trading were therefore each required to registerwith

What did Binance do with the SEC in this district?

with the SEC in this District the offer and sale of securities, and they conductedunregistered o s a d sales of securities to residents of, or persons loc ed in, this District. 3. Defendants also transacted business in this District. At least before September2019, Binance (as controlled by Zhao

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