Binance.US Tech Work Is Parceled to a Crew in Shanghai (1)

Binance.US, the digital-asset platform owned by crypto billionaire Changpeng “CZ” Zhao that was created to serve American clients, has a significant tech workforce in China.

Binance.US currently has about 100 contract workers in Shanghai, mostly in engineering and product roles, according to two people familiar with the matter, who asked not to be identified as they are not authorized to speak to the press. For at least a year there has been a plan to relocate some of the workers to North America, though progress has been slow, they said.

The Commodity Futures Trading Commission identified what it alleged were ...