Binance, the largest crypto-to-crypto exchange by volume, has announced that it will stop serving U.S. individual and corporate customers on its main platform, Binance.com.
In any given month, approximately 15% of Binance.com’s traffic comes from U.S. customers, having halved since early 2018 when the figure was approximately 30%. It currently offers trading of more than 150 different cryptocurrencies.
Binance users will also look for comfort in the announcement yesterday that the company is launching a separate fiat-to-crypto exchange Binance.US to serve the U.S. market in full regulatory compliance.
Changpeng Zhao, CEO of Binance, offered an optimistic outlook
There will be a few restrictions on https://t.co/9rMMAmtCxH accompanying this. But some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain. https://t.co/gl1M1cwPYB
— CZ Binance (@cz_binance) June 14, 2019