Americans will soon be able to trade digital currencies on Binance

Americans will soon be able to trade digital currencies on Binance
Abstract

According to Chang Ping Zhao, chief executive officer of Binance Currency Exchange, the US part of the currency exchange, Binance US, is set to become operational in two months, November.

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According to Chang Ping Zhao, chief executive officer of Binance Currency Exchange, the US part of the currency exchange, Binance US, is set to become operational in two months, November.


In a Wednesday interview with Cheddar News Agency, Zhao pointed out that things were constantly changing, saying November was the time for the official release of the US business platform.

I expect this platform to be operational within the next one or two months.

Due to uncertainties over the U.S. regulatory situation, Binance barred states-side customers from using its global platform Binance.com in mid June, a day after revealing that it would launch the new U.S. division in partnership with a firm called BAM Trading Services.

The new platform will be run by BAM, but use Binance’s wallet and matching engine technologies. Catherine Coley – a former Ripple executive – will lead the launch and future growth of Binance US as CEO, as announced in early July.

In the interview, CZ further said that the US exchange will not initially operate in New York state, which sets a high bar for crypto firms applying for its “BitLicense.”

Neither Binance nor BAM have yet applied for a BitLicense and Coley would not comment on the possibility when asked by Cheddar.

“The U.S. historically has made very clear regulations, so we hope that will clear up,” CZ said, adding that, despite the regulatory uncertainties currently, “we’re willing to try.”

Source: coindesk

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