The world's leading crypto exchange operator Binance has cleverly woven a global spider web of companies spanning regulatory regimes since its inception in 2017. Binance Group has so much money that it recently bought into Forbes's US financial magazine. The latest partnerships with Eqonex, Paysafe, or Checkout extend this powerful spider web. Binance founder Zhao Changpeng is the 18th richest person on the planet with just under $64 billion. Regulators are concerned about the Binance Spiderweb.

The London-based FCA-regulated EMI and payment processor Checkout Ltd d/b/a Checkout.com raised $1 billion in a recent share sale that valued it at $40 billion. New investors including Franklin Templeton and the Qatar Investment Authority participated alongside existing ones, such as Insight Partners and Tiger Global Management. Checkout is one of the big crypto-to-FIAT payment processors. It didn’t raise money from outside investors until 2019 but is one of the most valuable start-ups in the world.