Binance Exchange has lately been facing certain issues with users in America. First, Binance DEX stopped prohibited users with US IP addresses, and then Binance.com did the same. However, recent developments suggest that there is a special platform in the works for American users.
BAM Trading announced on Friday that it is partnering with Binance to launch a US-focused crypto exchange, Binance.US. The platform will specifically cater to the crypto audience in the United States.
#BAM Partners with @Binance to Launch https://t.co/QdEjB4Itoq (@BinanceAmerica)
BAM Trading Services is thrilled to announce a partnership with global leading cryptocurrency exchange #Binance to launch https://t.co/QdEjB4Itoqhttps://t.co/l1LHsRSzLE
— BAM Trading Services (@BAM_Trading) June 14, 2019
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In a blog on Medium, BAM stated that Binance.US would be a secure and reliable crypto trading platform for users in the United States. It further added, BAM Trading Services, will operate Binance.US, which will be built on the cutting-edge matching engine and wallet technologies licensed from Binance. Commenting on the collaboration, a BAM representative said,
It is an honor to partner with Binance to launch the U.S. extension of Binance, leveraging its tier-one security and technology in tandem. We are committed to providing a secure and compliant platform and beginning the start of a fruitful alliance with Binance.
Binance has been facing certain regulatory issues in the United States, which has caused hindrance in serving one of the largest crypto markets in the world. Partnership with an experienced local organization like BAM Trading will help it resolve its issues to a great extent. Expressing his views of the partnership, Changpeng Zhao, Binance CEO, better known as CZ, said,
We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America. Binance.US will be led by our local partner, BAM and will serve the U.S. market in full regulatory compliance.
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The partnership recently got the approval for its FinCEN, on June 11. Though no specific date was given, Binance.US is expected to be launched very soon.
