{"id":386049,"date":"2019-06-14T00:02:27","date_gmt":"2019-06-14T00:02:27","guid":{"rendered":"https:\/\/ktsl888.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:\/\/ktsl888.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

Binance US “Significantly” Reduces Risk of US Regulator Intervention for Booming Crypto Brand<\/h2>\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>\n

Multicoin Capital<\/a> Managing Partner Tushar Jain agrees, saying that this “huge” news “substantially” lowers their risk.<\/p>\n

Related Reading |<\/em> Crypto Chronology: Watch the Rise and Dominance of Binance Unfold<\/a><\/strong><\/p>\n

While details of the US-based platform haven’t been revealed, the crypto exchange will likely remain shrouded in mystery for a while longer, until CZ and Binance are ready to pull back the curtain on their latest venture. Given how well their most recent ventures have performed, Binance US will likely be yet another major win for the clear crypto market leader.<\/p>\n

Featured image from Shutterstock<\/pre>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Binance, 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, launched a DEX, debuted their Binance Launchpad platform for the much hyped IEO tokens, offered a taste of the margin trading to come, and much more. 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. Binance US “Significantly” Reduces Risk of US Regulator Intervention for Booming Crypto Brand 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. Related Reading | Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto? 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.” 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. 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. https:\/\/twitter.com\/tusharjain_\/status\/24417792?s=12 Multicoin Capital Managing Partner Tushar Jain agrees, saying that this “huge” news “substantially” lowers their risk. Related Reading | Crypto Chronology: Watch the Rise and Dominance of Binance Unfold While details of the US-based platform haven’t been revealed, the crypto exchange will likely remain shrouded in mystery for a while longer, until CZ and Binance are ready to pull back the curtain on their latest venture. Given how well their most recent ventures have performed, Binance US will likely be yet another major win for the clear crypto market leader. Featured image from Shutterstock      <\/p>\n","protected":false},"author":517,"featured_media":386051,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[],"class_list":["post-386049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news"],"acf":[],"yoast_head":"\nBinance De-Risks Amidst Regulatory Pressure, Plans for US Crypto Exchange<\/title>\n<meta name=\"description\" content=\"Crypto powerhouse Binance has revealed plans to partner with a FinCEN-registered company to launch a US-based crypto exchange.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/binance-us-usa-crypto-exchange\/\" \/>\n<meta property=\"og:locale\" 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Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/ktsl888.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance De-Risks Amidst Regulatory Pressure, Plans for US Crypto Exchange","url":"http:\/\/ktsl888.com\/news\/binance-us-usa-crypto-exchange\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/binance-us-usa-crypto-exchange\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/crypto-binance-us-usa-fincen.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/crypto-binance-us-usa-fincen.png?fit=5000%2C2813"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":[],"dateCreated":"2019-06-14T00:02:27Z","datePublished":"2019-06-14T00:02:27Z","dateModified":"2019-06-14T20:45:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance De-Risks Amidst Regulatory Pressure, Plans for US Crypto Exchange\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/binance-us-usa-crypto-exchange\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/binance-us-usa-crypto-exchange\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/crypto-binance-us-usa-fincen.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/crypto-binance-us-usa-fincen.png?fit=5000%2C2813\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[],\"dateCreated\":\"2019-06-14T00:02:27Z\",\"datePublished\":\"2019-06-14T00:02:27Z\",\"dateModified\":\"2019-06-14T20:45:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/crypto-binance-us-usa-fincen.png?fit=5000%2C2813","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/386049"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=386049"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/386049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/386051"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=386049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=386049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=386049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}