Binance is forced to close soon and prevent access to its main exchange to crypto enthusiasts and residents of the United States. As we know, a few days ago, the exchange had to do the same for its DEX.
Thus, as of September 12, 2019, these users “will continue to have access to their portfolio and their funds, but will no longer be able to trade or deposit on Binance.com”. A huge turnaround, when we know that at least 15% of Binance’s traffic comes from American customers. Residents will have no trading options for many cryptocurrencies when the main Binance encryption swap will not be available in September, according to a report released on June 14 by CryptoPotato.
“Some short-term pain may be needed for long-term gains. And we are always working hard to turn every short-term pain into a long-term gain. “
Therefore, Binance announces the upcoming launch of a Binance.US site, from a US-based subsidiary, co-opted by BAM Trading Services, a partner approved by the Financial Crimes Enforcement Network (FinCEN).