RATE Group | Binance’s US Arm to Go Live ‘Within Two Months,’ CEO Says
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Binance’s US Arm to Go Live ‘Within Two Months,’ CEO Says

17 Aug Binance’s US Arm to Go Live ‘Within Two Months,’ CEO Says

Posted at 11:52h in Cryptocurrency News by

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The dedicated U.S. arm of cryptocurrency exchange Binance will go live by November, according to Binance’s CEO.

Changpeng “CZ” Zhao told Cheddar in an interview on Wednesday that, while the situation is still “in flux,” he expects the new platform would go live in “a month or two.”

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 “

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