Binance: The US subsidiary of the crypto platform could find frosty market reception

Binance is a strange company. It was founded in China and registered on the Kaiman Islands and is by far the world's largest platform for trading cryptocurrencies. It also has no official headquarters and operates outside of official control. This cannot prevent the spin-off binance.

binance .us was founded in 2019 to appease US legislators who did not want Americans to use Binance directly. It requires more disclosures of users and is a smaller exchange. According to coinmarketcap data, daily trade has a value of $ 431 million. The parent company acts daily transactions worth around $ 26 billion.

The global crypto market is estimated at a market value of more than $ 2 trillion. Binance's own digital token has increased by more than 1,000 percent since the beginning of 2021.

binance .us is good at collecting money as long as it is possible. The income depends on the trading volume in crypto, which is notorious volatile. It makes sense to put capital aside if possible and at the same time build relationships with external investors such as RRE ventures.

If it is listed, Binance will probably act as you please. The shares of the cryptoplattform coinbase have followed the sale of Bitcoin and change the owner for $ 168 per share compared to $ 343 in November last year. With the 34-fold of the forecast profits, the share is traded below the one-year average.

The regulatory regulatory regulatory authorities would smooth the prices. Binance, his US subsidiary and other cryptoplate forms try to warm the world for the idea of ​​further cryptor regulation on its own conditions. The founder and managing director of Binance, Changpeng Zhao, known as CZ, says he is looking for a physical headquarters.

But the mainstream acceptance will be slow. The supervisory authorities continue to fear that crypto will be used for money laundering and other crimes. The chairman of the US SEC, Gary Gensler, called the cryptoma markets a "wild west". The noise is deterred by both potential investors and employees. Binance.Us was congratulated last year for the appointment of Brian Brooks, a former banking supervisory officer, the Chief Executive. He left the job after only three months.

The Lex team is interested in hearing more from the readers. Please let us know your opinion on Binance in the comments below.