Binance Partners with Prime Brokers to Boost Investor Screening Procedures

Tuesday, 19 March 2024, 03:43
Binance has reached out to prime brokers for assistance in implementing more rigorous client screening measures, aiming to avoid the presence of U.S. investors on its platform, according to a recent report by Bloomberg. The move underscores Binance's commitment to regulatory compliance and risk mitigation strategies.
LivaRava Finance Meta Image
Binance Partners with Prime Brokers to Boost Investor Screening Procedures

Binance Seeks Assistance from Prime Brokers

Binance has approached prime brokers to enhance the screening process for clients, with a specific focus on preventing U.S. investors from accessing the platform.

Bloomberg Report Highlights

  • Binance Requests Stricter Client Screening
  • Objective: Prevent U.S. Investors

This decision aligns with Binance's efforts to comply with regulations and safeguard against potential risks.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe