The announcement went live this morning, artfully while most of the U.S. was still asleep: Binance.com will withdraw its services from the country by fall.
It’s likely one of the biggest news stories of the year and could have major implications for thousands of local users and for Binance itself, which gets 42.45 million visitors worldwide each month. While the company announced it had partnered with a FinCen-registered U.S. exchange to fill the void, it will be a very different model than the unregulated, crypto-to-crypto platform to which we are bidding farewell.
But forget what’s going to happen next – what prompted the move?
Join Genesis now and continue reading, Estranged lovers: Why Binance is finally willing to walk the U.S. regulatory tightrope!