CZ Announced Binance US exchange will Launch Before November
Binance the leading cryptocurrency exchange has stopped US resident users from accessing the platform due to some regulations problems. Binance said that time they will launch a different exchange named Binance US dedicated to US residents with full regulations.
Recently the CEO of Binance, Changpeng Zhao (CZ) announced that the Binance US exchange will be live before November but not serve New York residents initially. CZ revealed this in an interview with Cheddar published on 15 Aug. He said: “There are a lot of things in flux, but I would say [we’ll launch] in a month or two.”
Binance US exchange will be operated by BAM trading services, but BAM still has not BitLicense (issued by New York State Department of Financial Services) so the exchange will not serve New York residents until they get the BitLicense.
Binance will stop all services for US resident users in September. Binance also hired Catherine Coley, former head of XRP institutional liquidity at Ripple, as its CEO. Binance has announced that soon they will launch a fiat-to-crypto exchange in the US.
Currently, Binance has three fiat-to-crypto exchanges based in Uganda, Jersey and Singapore. All three exchanges support only five cryptocurrencies: bitcoin (BTC), bitcoin cash (BCH), ether (ETH), litecoin (LTC) and Binance Coin (BNB).
