CEO Changpeng Zhao has controlled Binance’s purportedly independent U.S. business, Binance.US, though layers of offshore companies. The arrows illustrate direct ownership.
Changpeng Zhao
US BUSINESS
GLOBAL BUSINESS
CPZ Holdings
Britsh Virgin Islands
Binance Holdings
Cayman Islands
Key Vision
Development
Seychelles
BAM Management
Company
Cayman Islands
BAM Management
US Holdings
Delaware
Merit Peak
Cayman Islands
BAM Trading
Services
Delaware
Bifinity
Lithuania
Operator of Binance.US
Sources: Company documents and corporate and regulatory filings.
CEO Changpeng Zhao has controlled Binance’s purportedly independent U.S. business, Binance.US, though layers of offshore companies. The arrows illustrate direct ownership.
Changpeng Zhao
US BUSINESS
GLOBAL BUSINESS
CPZ Holdings
Britsh Virgin Islands
Binance Holdings
Cayman Islands
Key Vision
Development
Seychelles
BAM Management
Company
Cayman Islands
BAM Management
US Holdings
Delaware
Merit Peak
Cayman Islands
BAM Trading
Services
Delaware
Bifinity
Lithuania
Operator of Binance.US
Sources: Company documents and corporate and regulatory filings.