Binance US

Cryptonews.com has reached out to Binance for comment and will update this story as we hear back.

Although not yet confirmed by Binance, the change might indicate that the exchange is working to make the transition for U.S. traders over to its new U.S.-based exchange as smooth as possible. After all, prohibiting U.S. traders from using Binance.com before Binance.US is operational may be considered too big of a risk for the company, as many traders could take the opportunity to move to other U.S.-based exchanges like Coinbase or Kraken.

“The U.S. has always been a very important market. Globally it’s one of the biggest markets for any business, including in cryptocurrency. We want to be fully compliant. Before we didn’t feel we had the experience to do that but now we have our partners so we want to take this opportunity to explore the market,” the CEO said during the interview.

Binance will enter the U.S. market via partnership with a local company, BAM Trading Services. Binance itself does not comment on the ownership of the company. Changpeng Zhao only confirmed that he has no “legal titles” or an “operational role” there.

However, according to the CEO, the American branch won’t initially launch in New York because it has not obtained a BitLicense from the New York State Department of Financial Services.

Meanwhile, Binance US CEO Catherine Coley revealed recently that at this stage the exchange is considering to list up to 30 crypto assets.

More information and full interview at

https://cryptonews.com/news/binance-removes-us-resident-ban-plans-us-launch-in-a-month-o-4460.htm

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