Finans

Binance crackdown: regulators tussle with ‘wild west’ of crypto

Changpeng Zhao’s company Binance is everywhere and yet based nowhere. The cryptocurrency exchange has processed trillions of dollars in trades this year as it transfers digital and conventional money around the world through a constellation of affiliates. And yet it has no headquarters.

Incorporated in the Cayman Islands, the company Binance has grown at extraordinary speed into a leading player in the fledgling industry.
Incorporated in the Cayman Islands, the company Binance has grown at extraordinary speed into a leading player in the fledgling industry.Foto: Gøran Skaalmo
  • Adam Samson (FT)
  • Brooke Masters (FT)
Publisert 5. July 2021, kl. 15.05Oppdatert 5. July 2021, kl. 15.05
FinansFinancial TimesKryptovalutaBinance