{"id":386049,"date":"2019-06-14T00:02:27","date_gmt":"2019-06-14T00:02:27","guid":{"rendered":"https:\/\/wncen.com\/?p=386049"},"modified":"2019-06-14T20:45:33","modified_gmt":"2019-06-14T20:45:33","slug":"binance-us-usa-crypto-exchange","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-us-usa-crypto-exchange\/","title":{"rendered":"Binance De-Risks Amidst Regulatory Pressure, Plans for US Crypto Exchange"},"content":{"rendered":"
Binance<\/a>, one of the world’s leading cryptocurrency exchanges by trading volume, has been making wave after wave across the crypto industry in recent weeks. The Malta-based trading platform known for its exotic altcoin offering has saw its native crypto token soar<\/a>, launched a DEX, debuted their Binance Launchpad platform for the much hyped IEO tokens<\/a>, offered a taste of the margin trading<\/a> to come, and much more.<\/p>\n In their latest news, that many say is “huge” for the Changpeng Zhao-led firm, and could help the company shed any lingering risk due to mounting regulatory concerns in the United States over cryptocurrency exchanges. The move would see the platform partnering with a FinCEN-registered company to roll out “Binance US,” exclusively for customers based in the United States.<\/p>\n In a surprise move, Binance has announced a partnership with a mysterious company called BAM Trading Services to bring a version of its crypto exchange to US shores. Reports claim that BAM Trading Services would handle operations, while Binance supplies the wallet and technology \u2013 as well as the positive reputation its built in the crypto community.<\/p>\n Related Reading | Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto?<\/a><\/strong><\/em><\/p>\n No firm timeline was given for the launch of the platform, but it will be fully compliant with US laws from the start, according to Binance CEO Changpeng Zhao. He also says the move “will bring the security, speed, and liquidity of Binance.com to North America.”<\/p>\n Users in the United States may find themselves confused by the news, as Binance is currently freely accessible by US residents. However, this has all along exposed the exchange to much risk due to regulators in the US starting to tighten up their grasp over the emerging market. Binance offers a variety of unique altcoins, some of which could very well be considered securities under US law \u2013 something that could eventually land the exchange in the hot seat. Even its own native BNB crypto token could be viewed as such until clearer guidelines are developed.<\/p>\n By opening up a US-based exchange, the risk of heavy-handed regulators overstepping their bounds is minimized. This version of the crypto trading platform can be sans assets that make lawmakers uncomfortable, and have tighter communication with important government branches focused on protecting investors, or preventing money laundering.<\/p>\n https:\/\/twitter.com\/tusharjain_\/status\/24417792?s=12<\/p>\nBinance US “Significantly” Reduces Risk of US Regulator Intervention for Booming Crypto Brand<\/h2>\n