Cryptocurrency exchange Binance US, which operates independently of Binance, has officially opened its trading services to residents of Connecticut.
Starting January 20, Connecticut residents will be able to register to buy, sell, and trade digital assets such as Bitcoin (BTC) and Ether (ETH) on the Binance US platform, the company announced Thursday. Residents will also have access to the Binance US mobile app on Android and Apple devices.
Binance US was launched in 2019 to provide regulated cryptocurrency trading services to residents of the United States. The trading platform is currently approved to operate in 44 US states and intends to secure approvals in all 50 states and territories.
Binance US CEO Brian Shroder said his firm’s expansion reflects the growing demand for digital assets in the country. A new survey of Americans by cryptocurrency platform Voyager Digital seems to corroborate that view. According to the survey, almost two-thirds, or 61%, of Americans could buy digital assets this year. 50% of survey participants said they would invest more in crypto if they understood the asset class better.
Meanwhile, separate data from Arcane Research shows that the United States is dominating the Bitcoin trading arena. So far this year, US trading hours account for 43% of average Bitcoin trading volume.
Binance US wants to go public on the US stock market. Amid a myriad of regulatory concerns across the globe, is this a good idea for the brand? https://t.co/sREkorqjUh
— Cointelegraph (@Cointelegraph) July 25, 2021
As we told you before, Binance US is studying a “mega financing” deal through an initial public offering. Binance CEO Changpeng Zhao expressed confidence in the US firm’s ability to raise the funds, even after investors reportedly backed out of a similar initiative last summer over regulatory concerns.