Launch of Binance US Can Have Far-Reaching Effects on Crypto Market

From the outside looking in, the United States seems to present a host of amazing financial opportunities. However, when it comes to launching cryptocurrency exchanges or altcoin trading platforms, these possibilities start to dwindle and fade quite rapidly. 

In this regard, over the past few years, the U.S. regulatory landscape has seemed so hostile toward the crypto industry that a number of prominent exchange operators have preferred not to serve U.S. citizens at all — a case in point being Bancor, a decentralized liquidity network, that recently decided to block American citizens from using its website to convert its tokens.

Related: US a Crypto Exchange Scarecrow — What Needs to Change?

All of these negative developments have their roots traced back to America’s lack of clear regulations — especially when it comes to securities legislation. However, despite all these hurdles, Binance recently announced the launch of its U.S. trading desk, a decision that has been…