Binance Arbitration Policy Ruled Unenforceable by U.S. Judge

A U.S. judge has dealt a blow to Binance's arbitration policy, ruling that the exchange cannot force customers to resolve disputes through private arbitration when it comes to cryptocurrency losses.

The decision by Judge Andrew Carter means that investors who claim to have lost money on seven specific tokens traded on Binance can take their claims directly to court instead of being required to arbitrate. This may set a precedent for other cryptocurrency exchanges and their customer protection policies.