Binance.US, the American arm of the globally renowned cryptocurrency exchange Binance, has made a significant announcement concerning its operations and leadership structure. This news comes in the wake of recent settlements involving Binance.com and its founder, Changpeng “CZ” Zhao.
Binance.US took to Twitter on November 29, 2023, to clarify its position and operational independence from Binance.com. Emphasizing its commitment to abide by U.S. regulations, Binance.US stated that it operates independently, sharing only the brand name and technology with Binance.com. This clarification holds importance as it assures U.S. customers of Binance.US’s compliance with local regulatory standards.
Addressing recent events, Binance.US confirmed that it was not involved in the settlements between Binance.com, CZ, and U.S. regulators. These settlements, announced on November 21, 2023, involved a sum of $4.3 billion. Binance.US maintains that…
