- Catherine Coley has spoken out about the United States-based entity and how it is different from the internationally respected platform.
- Taking part on the Unchained Podcast, the CEO said that Binance US users are able to do quick and efficient methods to onboard fiat.
Catherine Coley, the CEO of the US arm of one of the biggest crypto platforms in the world Binance, has spoken out about the United States-based entity and how it is different from the internationally respected platform.
Taking part on the Unchained Podcast, the CEO said that Binance US users are able to do quick and efficient methods to onboard fiat into the crypto markets. She further added that this platform is designed to really help users in the United States specifically, noting that it allowed users to comply with the right regulations in place throughout the US.
“That really lets people feel comfortable about being part of a global community while also knowing that they’re being looked after from a US user’s perspective”
Going on from this, Coley went onto talk about the reason that the Binance platform had to create a different entity for the United States user base. One of the key reasons behind this was because of how unique the US market actually is. Furthermore, the different ideas that come up need to be considered like regulation, which is a big debate for many.
“Getting local currency access into these global crypto markets has really been an important factor for Binance to kind of progress in this space and so for us in the United States this was the opportunity to bring US dollars and fiat on-ramps into a regulated entity that would be up to par for the everyday American user”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!