Threat of Nested Exchanges and What Binance Is Doing to Combat Them

Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them.

Main Takeaways:
A nested exchange provides crypto trading services through an account or wallet on an existing host exchange.
Nested exchanges are attractive crypto platforms for money launderers looking to bypass KYC and AML requirements.
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Threat of Nested Exchanges and What Binance Is Doing to Combat Them