One of the leading cryptocurrency exchanges – Binance – announced the launch of its new trading platform in the USA via cooperation with BAM Trading Services.
The company published the report in its blog on the official website in which it informed about the partnership with BAM Trading Services. Following the agreement, the latter is expected to be the operator of the new project, while Binance will provide the instruments for storing assets and order matching used at its other platforms.
Binance is yet to unveil the launch date of the platform. More details are said to be reported later.
“We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America...” wrote Changpeng Zhao, CEO of Binance.
BAM Trading, in its turn, is said to be a registered with FinCEN as the money transmitter operator. However, it should be mentioned that it operates only within the California borders in line with the regulator's documentation.
As CZ commented, Binance.US will provide trading services in 100% compliance with the US regulations thanks to the current partnership.
Meanwhile, BAM Trading is most likely cooperates with the legal compliance department of Koi Trading since Koi Compliance is named as additional e-mail recipient.
“It is an honour to partner with Binance to launch the U.S. extension of Binance, leveraging its tier-one security and technology in tandem,” said a representative from BAM Trading Services.