Binance Australia Fined $6.9 Million as Exchange Admits Retail Investor Failures

The post Binance Australia Fined $6.9 Million as Exchange Admits Retail Investor Failures appeared first on Coinpedia Fintech News Australia’s Federal Court has ordered Binance Australia Derivatives to pay A$10 million after the exchange admitted to exposing more than 85% of its Australian customer base to high-risk crypto derivatives they were never qualified to access. The affected investors, 524 retail clients, were misclassified as wholesale clients between July 2022 and April 2023, granting them …