$SOL $USDC European financial regulators and law enforcement agencies have teamed up with the US Securities and Exchange Commission (SEC) in an investigation into the Binance cryptocurrency exchange. The purpose of their cooperation is to reveal more information about the company, whose activities have recently attracted a lot of attention.

Over a period of time, the SEC has been continuously requesting information about Binance's activity in several European countries. And after the agency accused the exchanges of commingling funds, several of them took action. However, some European authorities are still analyzing the complexity of the Binance situation and have not yet responded to the SEC's requests for information.

It's no secret that Binance has a significant number of companies registered around the world, many of which are located in Europe. The company has a license to operate as a crypto exchange in countries such as France, Cyprus, Spain, Great Britain, Ireland, Malta and other EU countries. Notably, most of the companies registered in these countries reported small revenues ranging from a few thousand euros to 500,000 euros, but some reported revenues of up to 200 million euros annually.