One of the largest cryptocurrency exchange in the world by trading volume has recently announced its intent of opening a U.S. division soon.
The Malta-based company revealed that it is setting up Binance U.S. for U.S. customers in partnership with a firm are called BAM Trading Services.
According to reports the platform will be operated by BAM while using Binance’s wallet and matching engine technologies.
This is the first formal entry by Binance entry into the U.S. market by Binance whose citizens has always been able to access Binance’s trading platform without the need to undergo KYC.
Binance CEO Changpeng Zhao took to twitter to announce that development expressing his delight to finally launch Binance US and bring the security, speed and liquidity of Binance.com to North America.
The little known partner, BAM Trading, appears to be working with Koi Compliance, the fully managed solutions wing of Over-the-counter (OTC) crypto trader Koi Trading, which Binance Labs invested $3 million last January 24.
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