CandleFocus Binance.US Charts 2025 Comeback, CEO Norman Reed Reflects on Challenges and Plans for Growth
2024-12-19
Author: Content Editor
Binance.US, a separate entity from Binance, plans to restore its USD services in early 2025. It suspended fiat trading last year due to regulatory pressure and has since operated under restricted banking access. The exchange's interim CEO, Norman Reed, stated that it is a matter of when, not if, the USD services will be launched. The executive also highlighted Operation Chokepoint 2.0, an initiative to deny banks access to crypto firms. Despite facing compliance probes, Binance.US claims to have maintained steady operations and plans to expand its custody services and wallet solutions.
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