Binance.US, the exchange’s subsidiary in the United States is making a big move to its trading structure
Binance.US is preparing to bring back USD services by early 2025 after navigating intense regulatory challenges
Florida was the first state to halt Binance.US services in November and North Dakota has now joined the list.
The Oregon Division of Financial Regulation announced on April 30 that it had revoked Binance.US’s license, becoming the sixth state to do so.
The regulator challenges around Binance.US is far from over as the trading platform has hit roadblocks in Alaska and Florida
Binance.US has filed an unopposed motion for continuance of Motion to Dismiss hearing in ongoing lawsuit with SEC
The United States Securities and Exchange Commission (SEC) has been denied immediate access to Binance.US software
Binance.US, one of the most prominent crypto exchanges in the US, is currently experiencing a significant slump in trading activity
Newly appointed Binance U.S Chief Executive Officer (CEO) Norman Reed is rumored to have a connection with Ripple Labs
Chief Risk Officer Sidney Majalya and Head of Legal Krishna Juvvadi are both leaving crypto exchange Binance.US.
A representative for Binance US confirmed the dismissal of 100 employees and the departure of President Brian Shroder.
Several coins aside from Bitcoin are also available at lower prices on Binance.US, including Ether which is trading at a discount of $200.
Binance.US urged US customers to "use, withdraw, or convert your USD to a stablecoin to continue crypto-to-crypto trading."
Since the SEC lawsuit on June 5, there have been nearly fifty layoffs at the US arm of Binance, Binance.US.
Binance.US has suspended key activities involving the United States Dollar (USD) on ground its banking partners are having a cold feet
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