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Binance and US Trading

Binance and US Trading

It may be worth focusing on because this is news that will interest those trading digital currencies in the United States. The firm Binance, the largest digital currency exchange in the world measured in daily volumes, is building out its platforms to include the US.

The announcement on September 23, 2019 confirms that the exchange Binance, will open a USA entity that trades a wide range of cryptocurrencies, and offers a list of other services including deposits, withdrawals, and wallets for storage. In a release shared with Bitcoin Magazine, this news was released and of course, gathered by ourselves. In June 2019 the firm announced that it would block US citizens from using their global site but at the same time worked with them to develop a regulation compliant site for them to trade on in the interim.

BAM Trading which oversees both Binance and the us subsidiary registered with the Financial Crimes Enforcement Network (FinCEN) of the US Treasury while continuing to work on a system of compliance that will be useful in the future. This is only another example of the continued development of infrastructure of the digital currency world that will, in the future, form a true ecosystem. 

 

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Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

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