The focus of the probe is on its anti-money laundering policies.

It comes following the company’s declaration that it was leaving the Netherlands after trying unsuccessfully to get a license from the Dutch central bank.

Binance acknowledged the French authorities’ visit to its premises last week in a statement and promised to abide by their requests.

The competent authorities paid us a visit last week. As usual, Binance was completely cooperative, and we fulfilled our commitments as a result. In order to uphold high standards, we continue to collaborate closely with regulatory and law enforcement organizations on all ongoing compliance needs, a company spokeswoman stated.

The trading of cryptocurrencies has grown in popularity in recent years among both individual and institutional investors.