Crypto exchange Binance expects to launch U.S. division by November, re-launches iOS app

Crypto exchange Binance is hoping to launch its U.S. arm by November, CEO Changpeng Zhao told news outlet Cheddar in an interview.

Binance first announced its plans to launch trading services for users in the United States in June this year when it revealed its partnership with BAM Trading Services. It said at the time that it will license its matching engine and wallet technologies to BAM to launch Binance.US.

Speaking with Cheddar, Zhao said that he expects Binance.US to launch in a month or two. The U.S. would not be initially serving New York residents as it does not have a BitLicense yet.

Whether the company intends to apply for BitLicense remains uncertain at the moment. Speaking of the regulatory challenges that Binance could face in the U.S., Zhao said that there are uncertainties in the regulatory space, but they are willing to try.

"The U.S. has always been a very important market; globally it's one of the biggest markets for any business, including in cryptocurrency," he said. "We want to be fully compliant. Before we didn't feel we had the experience to do that but now we have our partners so we want to take this opportunity to explore the market."

Last month, Binance.US onboarded former Ripple executive Catherine Coley as its new CEO. The upcoming exchange is considering listing 30 assets initially.

Meanwhile, Binance has announced that its iOS has been launched again:

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