March 27 (Reuters) - The Australian federal court has ordered local derivatives business of cryptocurrency exchange Binance to pay an A$10 million ($6.9 million) penalty for misclassifying over 85% of its Australian client base, the country's securities regulator said on Friday.

($1 = 1.4491 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru; Editing by Mrigank Dhaniwala)