Binance is the world’s leading cryptocurrency exchange. Based in Malta, the exchange has been in operation since 2017 and is now one of the most popular exchanges in the world with over 10 million users.
The exchange allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more.
Recently, Binance has been in the news for its plans to launch a cryptocurrency exchange in the United States. The exchange has already obtained a Money Transmitter License (MTL) in Wyoming and is currently in the process of applying for a Banking License in the state.
If approved, Binance will be one of the first cryptocurrency exchanges to operate in the US with full regulatory compliance.
This news has caused some controversy, as many people are unsure if Binance is actually legible to operate in the US. There are concerns that Binance may not be following all of the necessary regulations and may not be fully compliant with US lAWS.
However, Binance has been very clear about its intentions to comply with all regulations and is working closely with regulators to ensure that it is operating legally in the US.
Overall, Binance appears to be legitimate and is taking the necessary steps to operate legally in the United States. The exchange is already highly regulated in Malta and has a good reputation among users.
If Binance can successfully obtain a Banking License in Wyoming, it will likely become one of the leading cryptocurrency exchanges operating in the US.