Binance Says It’s Launching a US Exchange With FinCEN-Registered Partner

Binance, the world’s largest cryptocurrency exchange by volume, is launching a U.S. division.
The Malta-based company said Thursday it is setting up Binance US, a new trading platform specifically targeting U.S. customers, in partnership with a firm called BAM Trading Services. The platform will be operated by BAM, while using Binance’s wallet and matching engine technologies.
The exchange did not provide a firm timeline for the launch.
The move would represent the first formal entry into the U.S. market by Binance, although residents have already been able to access its trading platform.
According to Bitwise Asset Management, Binance processed some $250 million in bitcoin spot transactions over the past 24 hours, while CoinMarketCap reports $1.7 billion in crypto transactions at the exchange overall.
In a statement, Binance CEO Changpeng Zhao said “we are excited to finally launch Binance US and bring the security, speed, and liquidity of Binance.com to North America,” adding:
“Binance US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.”