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It sounds like you should know that Binance has a fully regulated and approved United States entity at https://Binance.us https://Binance.us
by Sargos 4y ago
It sounds like you should know that Binance has a fully regulated and approved United States entity at https://Binance.us https://Binance.us
- DeRock 4y agoSo did FTX.
- jiggawatts 4y ago"has" != "is"
- PeterisP 4y agoAs their licenses (https://support.binance.us/hc/en-us/articles/360050532193 https://support.binance.us/hc/en-us/articles/360050532193) state, it's entirely appropriate to use Binance for transmitting payments, for which they're approved and regulated, and entirely inappropriate to trust Binance for any investment, for which they are not licensed. The key part of being a bank or a broker is about properly holding others' funds as liabilities or in custody respectively (and so are the relevant regulations), which Binance.us can't do. From the slogan at Binance.com homepage "buy, trade, hold" it's approved to do only the first two.