Post
Topic
Board Bitcoin Discussion
Re: Binance to open a separate trading platform for US
by
pushups44
on 15/06/2019, 07:06:02 UTC
The news about Binance blocking US residents was shocking. But you can't blame them as US has strict laws about Cryptocurrency and transfer of money.
But they are not going to leave anyone behind, they are going to establish a separate trading platform that would work accordance to all US laws for providing service to all US residents. The platform would probably be called Binance US.
More of it https://cointelegraph.com/news/binance-to-open-us-based-division-with-fincen-approved-partner/amp

I look forward to Binance offering a platform specifically for U.S. customers, since the options currently are somewhat limited. I registered to Kraken and perhaps will do so with Gemini soon. My main concern, besides the integrity of the platform, is how resilient it is to hacks. The unfortunate thing about Binance is it's proven itself to be resilient, so it's a bit annoying that U.S. regulators have made it go through these hoops. I am hoping there will be a seamless or near seamless transition.