Binance, the world’s largest cryptocurrency exchange by trading volume, is expanding its operations to the U.S.
state of Texas. The move comes as the latest in a series of expansionary moves by the Malta-based firm, which has been rapidly growing its global footprint in recent months.
The news was announced in a blog post on the Binance website on Thursday, March 28. According to the post, Binance has partnered with a “leading digital asset bank” in Texas to launch its new operations in the state.
The expansion into Texas is part of Binance’s wider plans to launch a full-fledged crypto ecosystem in the United States. The firm first announced its intention to enter the U.
S. market back in 2018, but has been slow to make any concrete progress due to regulatory hurdles.
In recent months, however, Binance has made significant headway in its plans to establish a presence in the U.
NOTE: Warning: Trading cryptocurrencies on Binance is not legal in Texas. The Texas State Securities Board has issued a cease and desist order against Binance for offering unregistered securities in the state. As such, it is not recommended to trade on Binance in Texas until further notice.
, having secured a money transmitter license in Wyoming and launched a crypto-to-fiat exchange in Jersey.
Texas is one of the most populous states in the U., with a population of over 28 million people. It is also home to a large number of businesses and has a thriving economy.
Binance CEO Changpeng Zhao (CZ) believes that these factors make Texas an ideal location for the firm’s expansion into the U. market.
“The State of Texas is a major hub for business and innovation, and we are excited to expand our operations there,” CZ said in Thursday’s blog post. “We look forward to working closely with the State of Texas and all relevant regulators to provide a safe and secure platform for everyone to buy, sell, and trade digital assets.”
While Binance has not yet obtained all the necessary licenses to operate legally in all 50 U.
states, CZ believes that the firm will eventually obtain them all “in due time.” In the meantime, he says that Binance will continue to work with local partners and regulators on a case-by-case basis to ensure compliance with applicable lAWS and regulations.
7 Related Question Answers Found
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been “banned” in the state of Texas. The ban comes in the form of a cease and desist order issued by the Texas State Securities Board (SSB) on Tuesday. In the order, the SSB alleges that Binance is illegally offering securities in the form of digital tokens to Texas residents.
“Binance is not registered with the SEC as a broker-dealer or investment adviser, and is not registered with the Texas State Securities Board as a dealer or investment adviser,” the order reads.
Binance US, the American arm of the popular cryptocurrency exchange Binance, is now live. Texans are now able to buy, sell, and trade cryptocurrencies on the platform. The launch of Binance US comes after several months of preparations.
Cryptocurrency trading is still a largely unregulated market in most countries, including the United States. This means that there are no specific lAWS or regulations in place regarding the trading of digital assets. However, this does not mean that trading cryptocurrencies is illegal.
Binance US, the American arm of the world’s largest cryptocurrency exchange, is now available in Texas. The move comes after the exchange received money transmitter licenses from the state’s Department of Banking and Securities Commission. The news was announced in a blog post on Thursday, which also revealed that Binance US had added support for wire transfers.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now live in Texas. The Malta-based firm announced the launch of its U. S.
Binance US, the American arm of popular cryptocurrency exchange Binance, is now live. The long-awaited launch comes after months of testing and regulatory compliance. Binance US is now available in most states, with the exception of Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New Mexico, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas and Washington.
Binance, one of the world’s largest cryptocurrency exchanges, recently announced that it would be opening a new office in Malta. This is good news for the crypto community in Malta, but it also raises the question of whether Binance will now be able to serve customers in Texas. The short answer is yes, Binance can still serve customers in Texas.
