What is Binance US exchange?

In 2019, Binance launched its Binance US Exchange for US Customers. This move came in response to US crypto regulations and Binance starts banning US citizens from their International portal and requesting them to move their portfolio to the newly launched trading solution.

Why did Binance suspend US dollar deposits?

The crypto company Binance .US will suspend US dollar deposits as its banking partners prepare to pause the channels to withdraw US dollars from the exchange, days after regulators sued Binance and its chief executive, Changpeng Zhao.

Did Binance violate CFTC regulations?

REUTERS/Benoit Tessier/File Photo July 24 (Reuters) - Binance and its CEO and founder Changpeng Zhao are planning to seek dismissal of a Commodity Futures Trading Commission (CFTC) complaint alleging the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations, according to a court filing on Monday.

Is Binance a safe cryptocurrency exchange?

The company stressed that customer funds were “safe, secure and available”. Binance.US is an offshoot of Binance.com, a cryptocurrency exchange that had grown rapidly after starting operations in 2017 into a company making billions of dollars of revenues, mostly from transaction fees as customers bought and sold cryptocurrencies.