Binance, the world’s largest cryptocurrency exchange by trading volume, has finally given an update on the launch of its exclusive exchange platform for US customers. Binance had previously a change in their terms back in June, a change which prohibited US customers from accessing the services of the exchange. The change came in an effort to comply with the SEC’s strict regulatory measures.
Binance had announced its US-exclusive trading platform the same day. Back then, Binance had said that they were inexperienced to take on the US market and wanted to be fully compliant with regulatory bodies. Soon, the Malta-based exchange had announced that Binance will be operating its US exchange though a lesser-known trading partner – BAM Trading Services. The partnership would see Binance provide its US operator with the license of its matching engine and wallet technologies. Catherine Coley was announced as CEO soon after.
Just a few minutes ago, Binance USA shared the latest update on the endeavour via a postwritten by CEO Coley.
What to Expect From http://Binance.US
“As we approach the launch of http://Binance.US , we want to outline a few key items to help you prepare for trading on our marketplace.” – @cryptocoley https://medium.com/binance-us/https-medium-com-binance-us-what-to-expect-from-binance-us-6fc4db71b5c8 …
What to Expect From Binance.US
As we approach the launch of Binance.US, we want to outline a few key items to help you prepare for trading on our marketplace.
According to the post, Binance.US will be a fast, compliant and a secure digital asset marketplace. Here, the word ‘compliant’ is key as Binance had geo-blocked U.S customers from accessing its trading services to better fulfil its regulatory obligations to the SEC.