More Crypto Competition In The U.S.

It seems that Coinbase is set to face increasing competition has more foreign cryptocurrency exchanges enters the market.

It has been reported that Malta-based crypto exchange, Binance and CEX.io which is based in Switzerland are expanding their business into the United States of America.

After seizing service for residents in the United States of America due to regulatory compliance Binance has announced its formal entry in the U.S market through a dedicated platform.

CEX.io on the other hand is already operating in 20 U.S states where user can do transaction between fiat and cryptocurrencies, as it stands; CEX was able to do $5 million transaction volume over the scope of its 38 trading pairs.

Only time will tell what will be the impact on the cryptocurrency exchange landscape with the entrance of these two new exchanges in the US crypto market.



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