The list itself was launched in 2007 and includes the likes of “SuperBinance” and “Superfxtrading,” so named to take advantage of investors confusing them with Binance and FTX. There’s even a “Gemini M&A” impersonating the Goldman Sachs mergers and acquisition deal making app, Gemini.
Monday’s recent additions, which include “Bittrade Capitals,” “247Crypto Trade,” and “Bitpayfxpro,” have all been cited for using “misleading information to solicit primarily non-U.S. investors.”
Firms wind up on the list for “providing inaccurate information about their affiliation, location, or registration,” the SEC said in a press release. But even with companies like SuperBinance, the SEC is reluctant to acknowledge that it’s looking to benefit from being confused with the largest crypto exchange by volume.
Take “Bitpayfxpro,” for example. Going by the name alone, it could be confused with BitPay, the Atlanta-based Bitcoin payments processor that was founded in 2011. But rather than being listed as an…