• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Changelly
  • Price table

Crypto News PRO

From the world all news

  • Home
  • News

Binance.US Expands Into Florida, Eyeing Millions of Potential New Traders

Written by:
Aeon Flux
Published on:
25 August 2020
Thoughts:
No comments yet

Aug 25, 2020 at 00:17 UTCUpdated Aug 25, 2020 at 00:49 UTC

Binance US CEO Catherine Coley speaks at Invest: NYC 2019. (Photo by Zack Seward for CoinDesk)

Binance.US CEO Catherine Coley grew up in Orlando. (Zack Seward/CoinDesk)

Binance’s U.S. affiliate has taken Florida off its cryptocurrency trading “no-fly list” and on Monday opened for business in the sunshine state. 

  • The expansion into America’s third-most populous state follows Binance.US’s July procurement of a Floridian money transmitter license under the name “BAM TRADING SERVICES INC.”
  • Florida was one of the 13 states not included in Binance.US’s original game plan. When the exchange launched in 37 states last September, Binance.US avoided states whose licensure regimes required additional vetting.
  • Binance.US chief Catherine Coley, who grew up in Orlando, told CoinDesk the two-year Florida license grants her exchange access to what is now its second-largest potential market: 12 million eligible traders. 
  • “We’re well aware that not every single person above the age of 18 is going to download Binance.US tomorrow, but it is a huge population that is ripe for understanding how digital assets work,” she said. 
  • Heavily populated states such as New York and Texas are still out of bounds for Binance.US. Coley said more states will be added as their respective money transmitter licenses clear. 

Read more about…

FloridaBinanceBinance USCatherine ColeyCoinFlash

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Categories: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search in the news

Translate:

Earn up to 5% every 10 days with Aeon Flux Coins

Categories

  • Bitcoin (2,432)
  • Ethereum (1,636)
  • News (5,112)

Recent Posts

  • P2E Game ‘Baby Shark BubbleFong Friends’, NFT Giveaway Event in Collaboration with Binance NFT 9 June 2022
  • What is Harmony One and how does it work 9 June 2022
  • What is Elrond and how does it work 9 June 2022
  • 5 Best Cryptocurrency To Invest In 2022 9 June 2022
  • NFT — What are NFTs? 9 June 2022

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020

© 2015-2020 Crypto News PRO
All Rights Reserved. Powered by IWG Agenzia Web