Binance, the world’s largest cryptocurrency exchange, is expected to open the US stock exchange by November. However, Binance US will not initially serve in New York.
In an interview with Cheddar on Thursday, Binance CEO Changpeng Zhao (CZ) said there was a lot in the flow of Binance US, but they could start in a month or two.
Zhao said BAM Trading Services, Binance US operator, will not serve New York residents at the opening of the stock market, as it does not yet have a BitLicense (issued by the New York State Department of Financial Services).
Binance first announced plans to open a cryptocurrency exchange in the US last month, before the news that its main platform, Binance.com, would not be released in September. Binance US also recently hired Catherine Coley, Ripple’s former XRP corporate liquidity president, as CEO.
Earlier this month, the US cryptocurrency exchange, which was in the process of establishment, also published a list of 30 coins that it intends to list, including its own coin BNB.
So far, Binance has launched three international fiat-crypto exchanges, Uganda, Jersey, and Singapore. It only supports five cryptocurrencies on all three platforms. Cryptocurrencies traded are Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) and BNB. In addition, Binance Uganda also supports PAX stable coin.