Internal investigators at Binance, the world’s largest cryptocurrency exchange, continued to uncover potential legal violations on the platform even as the company publicly pledged to strengthen its anti-crime measures, according to sources familiar with the investigations.
The findings, spanning much of 2025, included evidence of transactions linked to illicit activities, despite Binance’s repeated assurances to regulators and the public that it was committed to preventing financial crime. The investigations focused on a range of issues, including potential sanctions evasion and money laundering, sources said.
Binance, founded in 2017 and registered in the Cayman Islands, has grown to become a dominant force in the cryptocurrency market, boasting over 150 million registered users worldwide. According to CoinGecko statistics from February 23, 2026, the exchange currently supports 442 coins and 1418 trading pairs, with a 24-hour trading volume of $4,707,170,786.77. The exchange likewise holds $139,217,385,093.68 in Exchange Reserves.
The internal investigations were initiated following increased scrutiny from regulatory bodies globally. Binance has faced challenges related to regulatory compliance, impacting its fiat services and availability in certain jurisdictions. Despite these challenges, the company maintains it operates as a licensed and regulated U.S. Crypto exchange through its Binance.US platform.
Binance.US allows users to securely buy Bitcoin and over 190 other assets, offering low fees and high rewards. The platform emphasizes security, stating that all customer funds are held 1:1, ensuring assets are safe and available. Users can link bank accounts for zero-fee deposits and withdrawals via ACH transfers.
The exchange offers a variety of services beyond basic trading, including staking, derivatives, and NFT marketplaces. Binance.US is currently the largest U.S. Staking platform, supporting over 20 Proof-of-Stake cryptocurrencies, including Ethereum, Solana, and BNB. Users can earn rewards by staking these assets, contributing to the security of their respective blockchain networks.
Binance has also invested heavily in security measures, including multi-factor authentication, proof-of-reserves, and real-time risk monitoring. The company claims to partner with leading KYC vendors to provide a rapid and secure registration process. Binance maintains a Secure Asset Fund for Users (SAFU) worth $1 billion.
Despite these efforts, the continued discovery of potential legal violations by internal investigators raises questions about the effectiveness of Binance’s compliance programs. The findings have not been publicly disclosed, and the extent of any resulting remedial actions remains unclear. Binance has not responded to requests for comment regarding the ongoing investigations.
According to a recent review by BeInCrypto, Binance is the largest centralized crypto exchange by trading volume, offering over 1,600 cryptocurrency pairs. The platform received a score of 5/5 for security, but only 3/5 for customer support and 4/5 for fees.
The Binance mobile app, available on Google Play, has been downloaded over 100 million times and boasts a 4.8-star rating. The app allows users to trade over 500 cryptocurrencies, including Bitcoin, Ethereum, PEPE, and Notcoin, and offers advanced trading tools and price alerts.
