How Binance is Continuously Growing the United States

There’s been a lot of movement happen for Binance since it was launched all that time ago. The platform has been including new services on the exchange for months and months now and more users are hopping on the bandwagon of Binance too. With the recent influx being the addition of fiat support, the platform is also heavily working towards establishing a presence across all nations in a way that is in line to local regulations.

As Binance starts making waves in the United States with Binance US, the user base for the platform is set to see significant growth sooner rather than later. Going off an article we published over the weekend, Catherine Coley, the CEO of the US arm of Binance recently took part in the Unchained Podcast where she spoke on how the transition was from Binance to Binance US. furthermore, Coley was questioned on what the response was from the transmission and how well the US arm is doing in terms of the trading volume. 

To start with Coley said the following:

“….grew that [coins listed] to about 27 quickly within our first 100 days of trading. So that really allowed us to bring in folks that felt isolated when they realized it was only seven coins going to be listed. One of the benefits of Binance, it’s always been open-minded in the aspect of providing a diverse selection of token offerings”

On top of this, the CEO claimed that even though the US arm believes in providing users with the freedom of choice, the platform operates with “the understanding of the US regulations.” She added:

“…that’s a much tedious process 75 point checklist to go through each token before we list it. So, we kind of put out our list of what we’re exploring and then we spend our time exploring those and when they pass the framework we list them.”

It will be interesting to see how Binance US plays out. For more news on this and other crypto updates, keep it with CryptoDaily!