Chanpeng Zhao, CEO of the leading trading volume of the cryptocurrency exchange Binance, said that tentatively the launch of the American division will take place by November.
However, initially Binance US will not be able to serve residents of New York State, for which she needs to obtain special permission from the Financial Services Authority of New York, better known as BitLicense. At the moment, the company has not even applied for this license.
“In the US, there have always been clear regulations. We hope that they will emerge soon [for the cryptocurrency industry]. One way or another, we want to try , ”Zhao emphasized in response to legal uncertainty in the States.
The operator of the new platform, announced back in June, will be BAM Trading Services, which will use wallets and the matching mechanism of the main platform. Its CEO is the former manager of fintech startup Ripple Catherine Coley.
In addition to Bitcoin, Ethereum and Litecoin, Binance US is considering listing ADA, ATOM, BAT, BCH, BNB, DASH, EOS, ETC, HOT, IOTA, LINK, LOOM, MANA, NANO, NEO, PAX, REP, RVN, TUSD, USDC , USDT, VET, WAVES, XLM, XRP, ZIL, ZRX.
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