Binance US, one of the world’s largest cryptocurrency exchanges, is shutting down. The move comes as a surprise to the crypto community, as Binance US was only launched last year.
The news was first announced by Binance CEO Changpeng Zhao on Twitter. In his tweet, Zhao said that Binance US will be “winding down” its operations and will be “fully closed” on January 10, 2021.
Binance US is a subsidiary of Binance, which is the world’s largest cryptocurrency exchange by trading volume. Binance US was launched in September 2019 and is available to traders in 43 states and Washington D.
The shutdown of Binance US comes as a surprise because the exchange was doing well. In November 2020, Binance US hit a record $2 billion in trading volume in a single day.
The reason for the shutdown is not clear, but it may have something to do with regulatory pressure. Binance has been facing scrutiny from regulators around the world for its lax compliance standards.
NOTE: WARNING: There is a rumor that Binance US may be closing. However, this rumor has not been confirmed by Binance US and is therefore unsubstantiated. Please do not take any action or make any decisions based on this rumor until it is officially confirmed by Binance US.
In the United States, Binance has been facing scrutiny from the Securities and Exchange Commission (SEC). The SEC has been investigating whether Binance allowed trades of unregistered securities on its platform.
Binance has denied any wrongdoing, but the investigation is ongoing. If the SEC finds that Binance did violate securities lAWS, the exchange could be fined or even shut down.
It’s not clear if the shutdown of Binance US is related to the SEC investigation. However, it’s possible that Zhao decided to shut down the exchange rather than risk facing penalties from regulators.
The shutdown of Binance US is a blow to the crypto community in the United States. The exchange was one of the few major crypto exchanges that were available to American traders.
Now that Binance US is shutting down, American traders will have fewer options when it comes to exchanging cryptocurrencies.
6 Related Question Answers Found
Binance US, the American arm of the world’s largest cryptocurrency exchange, is shutting down. The company announced the news in a blog post on Thursday, saying that it will wind down operations over the next two weeks. Binance US was launched in 2019 and was one of the most popular exchanges in the country.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is being shut down. The news was announced by the company’s CEO, Zhao Changpeng, on Twitter. The shutdown is set to take place on September 12th.
Binance is a cryptocurrency exchange that allows you to trade digital assets including cryptocurrencies. Binance is one of the most popular cryptocurrency exchanges in the world with a wide range of features. However, one feature that Binance does not have is the ability to close your account.
Binance US is a popular cryptocurrency exchange that allows users to buy and sell various digital assets. The platform is known for its user-friendly interface and wide range of features. However, some users have raised concerns about the legitimacy of the exchange.
The short answer is yes, Binance is safe. This Malta-based cryptocurrency exchange is one of the most popular in the world and has built up a strong reputation. However, no exchange is 100% secure, and there have been a few hacks of Binance in the past.
Binance US, a subsidiary of the popular cryptocurrency exchange Binance, launched in September 2019. The exchange is available to users in the United States and supports trading in a variety of digital assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more. Binance US is led by CEO Catherine Coley, who has over 10 years of experience in the payments industry.
