Crypto exchange Binance moves to block US institutional investors from using the exchange.

Binance is working to block U.S. institutional users from accessing its exchanges after agreeing to pay a $4.3 billion fine to the U.S., Bloomberg reports. Binance recently asked prime brokers (financial institutions that provide a range of services to investment firms and others) Hidden Road and FalconX to share detailed information about their institutional clients, including office addresses, employees and founder information. The move is aimed at preventing U.S. investors from using the exchanges. In response, Binance insisted that "Binance is committed to regulatory compliance." Bloomberg previously reported that Binance has recently focused more on investor protection than new listings.