The largest crypto exchange in the world stopped offering its services to U.K. customers in October after it failed to comply with a rule change made by regulators last year.
A week after approving many spot bitcoin ETFs, the SEC faced Coinbase and Binance in court.
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
The crypto exchange is a joint venture between Binance and Thailand’s Gulf Innova.
The largest cryptocurrency trading venue added 40 million accounts to 170 million.
Binance uses a third-party service called Kodex to validate law enforcement requests.
Binance responded to an SEC filing, arguing that the regulator’s arguments weren’t applicable to the actual conduct it was analyzing.
Customers are free to withdraw or transfer funds and continue trading via Binance Russia’s new owner CommEX, the company said Monday.
The exchange’s monthly spot volume fell to $114 billion in September from nearly $500 billion in January amidst a regulatory crackdown in the U.S.
Richard Teng, who just took over from founder Changpeng “CZ” Zhao amid a $4.3 billion kanunî settlement, didn’t give specific answers to simple questions asked by the moderator when asked where the exchange is headquartered or who the exchange’s auditor is.