Decrypt logo
Decrypt logo
CollectionsBinance in the USA

Binance in the USA

The largest crypto exchange in the world is expanding to the US. We track its major developments as it gears up for launch. Will the exchange survive or suffer in the harsher regulatory climate?

CollectionLast updated Mar 11, 2021
Mar 11
Former US Senator Max Baucus. Image: Center for American Progress

Binance Hires Former US Senator to Help Navigate Regulations

Binance is the world’s largest cryptocurrency exchange by volume, but due to regulations, it’s not available in the most Bitcoin-hungry nation on earth, the U.S.  In a likely bid to change that, the exchange has wooed Max Baucus, a former Democratic senator from Montana, to join as an advisor on policy and government relations. According to Binance, Baucus will consult with U.S. regulators and legislators on policies that will help grow not only Binance but the broader crypto ecosystem. Baucus,...

NewsBusiness
2 min read
Jeff Benson
May 8
Binance.US CEO Catherine Coley (Image: Binance.US)

Economic crisis a 'bittersweet' boom for Binance.US, says CEO

While the impact of March’s coronavirus-induced market crash was felt in industries around the globe, the cryptocurrency sector has rebounded with remarkable speed. Bitcoin has quickly recovered from its own crash, with its price briefly touching $10,000 in advance of its block reward halving. Exchanges are reporting significantly increased volumes, while social media activity around Bitcoin is reaching levels not seen since 2018. “I won't say that that's a triumph of cryptocurrency that when t...

Deep DivesLong Reads
7 min read
Andrew Hayward
Apr 29
Binance.US CEO Catherine Coley (Image: Binance.US)

Bitcoin halving could lead to longer-term rally, says Binance.US CEO

The Bitcoin halving is drawing ever nearer. It’s an event that’s only occurred twice before, and one that’s taken on a quasi-mythical status for Bitcoiners: a preset measure in the crypto code that halves the amount of Bitcoin awarded per recorded block of transactions. 14 days left until next #BitcoinHalving ▓▓▓▓▓▓▓▓▓▓▓▓▓░ 99% — Bitcoin Halving Countdown (@Bitcoin_Halving) April 29, 2020 The impending event has driven intense speculation throughout the crypto community. Will cutting the suppl...

NewsBusiness
5 min read
Andrew Hayward
Sep 23
photo credit: unsplash

Binance’s US exchange goes live with seven cryptocurrencies

Binance.US, the American outpost of crypto exchange giant Binance, launched today, offering up seven cryptocurrencies to citizens in 37 states. This marks the exchange’s first official steps into the US, giving it access to a large crypto-focused market. Trading will begin tomorrow at 13:00 UTC. “We believe we are just at the beginning of crypto adoption globally. There is room to grow for every organization in this space, and the industry will continue to get bigger in every country around the...

NewsBusiness
4 min read
Robert Stevens
Sep 18
PHOTO CREDIT: UNSPLASH

Binance coin (BNB) rises 11% ahead of Binance.US opening

The price of the crypto exchange Binance's native cryptocurrency Binance Coin rose 11% today, ahead of the launch of the Binance.US registrations page. But once registrations started, the price of Binance Coin dropped from highs of $22.89 to its current value of $22.05. Clearly traders "bought the rumor, sold the news" as the phrase goes. The initial rally may have been caused because, despite previous announcements, Binance.US is listing Binance Coin from the outset. Initially, the coin was on...

NewsMarkets
2 min read
Nawaz Sulemanji
photo credit: unsplash

Binance.US opens for deposits and registrations

Binance.US, the American arm of crypto exchange behemoth Binance, opened doors to new signups today.  Starting 8AM EST, US citizens—depending on what state they’re in—can deposit Bitcoin, Ether, XRP, Bitcoin Cash, Litecoin, USDT, USD into the exchange. First, of course, they’ll have to punch in their social security number and a driver’s license or passport. In addition, Binance Coin will be added to the exchange. This came as a surprise to traders after Binance’s native cryptocurrency was left...

NewsBusiness
2 min read
Robert Stevens
Sep 16
photo credit: unsplash

Binance.US to accept deposits Wednesday

Binance.US will start accepting account registrations and deposits for cryptocurrencies from Wednesday 8am Eastern Time, it announced in a tweet last week.  Binance.US is the company’s effort to expand into the US, this time with the green-light from regulators. Binance banned Americans from starting accounts, as regulators grumbled that Binance never officially operated in the US. Binance.US, headed by ex-Ripple exec Catherine Coley, is the new, regulator-friendly face of the crypto-exchange’s...

NewsBusiness
1 min read
Robert Stevens
Sep 12
photo credit: unsplash

Binance's NYDFS-backed stablecoin starts trading on Paxos

Crypto exchange Binance announced today the launch of its NYDFS-backed stablecoin, BUSD. Binance’s dollar-pegged stable coin is live on Paxos’ platform for US dollar redemption today and will be listed on Binance’s exchange next week.  Starting next week, BUSD will be available on Binance’s own exchange for trading against Bitcoin, Binance Coin, and XRP. BUSD was announced last week as part of a partnership with Paxos. It’s Binance’s second stablecoin after BGBP, a stablecoin pegged to the Briti...

NewsBusiness
1 min read
Robert Stevens
Sep 5
photo credit: unsplash

Binance creates NYDFS-approved US dollar stablecoin ahead of US launch

Crypto exchange giant Binance has partnered with stablecoin provider Paxos to launch BUSD, a stablecoin backed by the US dollar, it announced in a press release today. It has regulatory approval from The New York State Department of Financial Services (NYDFS) so it can be sold to people living in New York. The coin will start trading on Paxos’ and Binance’s exchange platforms later this month. Paxos will issue the coin and look after the reserves of dollars–and Paxos customers will be able to tr...

NewsCoins
2 min read
Robert Stevens
Aug 16
photo credit: unsplash

Binance US will launch within two months, says CEO

After announcing Binance will launch a service for US customers in June, its CEO Changpeng Zhao has provided a timeline for when the exchange is due to open.  "There are a lot of things in flux, but I would say [we'll launch] in a month or two," Zhao said in an interview with news outlet Cheddar, on Wednesday. Binance’s expansion sees the exchange, one of the world’s largest by trading volume, enter the United States, which has gained a reputation for strict regulations, and strict punishments f...

NewsCoins
2 min read
Robert Stevens
Aug 9
PHOTO CREDIT: PIXABAY

Binance unveils long list of potential tokens to offer on U.S. exchange

Binance might be having trouble with hackers abroad, but it’s coming out swinging in the U.S. The U.S. division of the world’s largest cryptocurrency exchange by volume today revealed the extensive list of assets that the company is considering listing on its platform. In a statement to its users, the company said that it has adopted a Digital Asset Risk Assessment Framework, designed to “help select bona fide blockchain projects with a real chance of making the world more efficient, to provide...

NewsBusiness
3 min read
Guillermo Jimenez