Binance US to go live in November, NYC out of reach

CEO of Binance, Changpeng Zhao made an announcement recently that Binance US might go live by November 2019, but unfortunately, it won’t be serving the citizens of New York in the initial stages.

The reason behind this inconvenience is that Binance US operator, BAM Trading Services still need a BitLicense that is issued by the New York State Department of Financial Services.

Binance planned to launch a fiat-to-crypto exchange in the U.S. before breaking the news that Binance.com won’t be available in the country. They also revealed the list of 30 tokens that will be available on the platform for people to trade-in.

Binance US also hired Catherine Coley as their CEO. Earlier she worked as the head of XRP institutional liquidity at Ripple. Till now, Binance has launched three international fiat-to-crypto exchanges. These are present in Uganda, Jersey, and Singapore.

Leave a Reply

Your email address will not be published. Required fields are marked *