July 5 (Cointime) - Binance Australia is collaborating with local authorities to comply with regulatory standards following reports of a search at the company's offices on July 4. A spokesperson for Binance Australia stated that the company is committed to serving its users in Australia in a fully compliant manner. The Australian Securities and Investments Commission (ASIC) conducted the search as part of an ongoing investigation into Binance's now-defunct Australian derivatives business. Binance's representative did not confirm or deny whether the company's offices were searched or whether it was aware of a local probe. Binance still offers spot trading services in Australia after shutting down derivatives trading in the country.