Binance… Getting Out of the U.S. … And Getting Into the U.S.

So much going on with Binance it’s enough to make your head spin.

Adding margin trading. Adding stablecoins. The DEX.

Now there’s a flurry of activity surrounding Binance and U.S. operations.

It seemed these news pieces came out at the same time.

The first one I saw was Binance establishing a United States-based division with a Financial Crimes Enforcement Network (FinCEN) approved partner.

That partner is BAM Trading Services. BAM will be the operator of Binance US, using Binance’s wallet and matching engine products.

Then it cmae out [Binance] https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/ ) announced that it will stop serving U.S. individual and corporate customers on its main platform, Binance.com.

What?

The change will go into effect on September 12.

Non-verified U.S. customers will likely still be able to bypass the restrictions and trade on Binance.com by using a VPN.

Interesting times.

Get your coins in wallets and off the exchanges!

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