“Market-making activities are standard in both traditional finance and crypto, such as Citadel Securities or those on FTX performed by Alamada Research, a business owned by FTX’s founder Sam Bankman-Fried. They ensure liquidity and directly support a healthy, vibrant, and efficient marketplace to the benefit of end-users,” a Binance spokesperson told CoinDesk in response to the report.
Source: https://www.coindesk.com/business/2022/02/15/binanceus-faces-sec-probe-over-trading-affiliates-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines