Binance.US Secures Cash Transmitter License in Puerto Rico


Crypto buying and selling platform, Binance.US has obtained a Cash Transmitter License from the Puerto Rico Workplace of the Commissioner of Monetary Establishments, the corporate confirmed yesterday in an official announcement.

To date in 2022, Binance.US has secured a Cash Transmitter License in 4 jurisdictions, together with West Virginia, Connecticut, Wyoming and now Puerto Rico. The digital asset agency has expanded its presence throughout the area considerably over the previous few months.

The latest information got here roughly 2 weeks after Binance.US closed one of many largest seed rounds within the historical past of the crypto ecosystem. The crypto buying and selling platform raised $200 million at a valuation of $4.5 billion.

Brian Shroder, the Chief Govt Officer of Binance.US, commented: “Following the profitable shut of our seed spherical, we’re thrilled to construct on our momentum with the receipt of this license and are grateful for the belief of Puerto Rico [Office of the] Commissioner of Monetary Establishments. As America’s house to purchase, commerce and earn digital belongings, our aim is to supply probably the most compliant and customer-centric change in all 50 states and territories.”

“Puerto Rico, particularly, is a vital marketplace for the expansion of crypto, and we stay up for persevering with to supply its residents safe, dependable and low-fee entry to a strong choice of tokens,” Shroder added.

New Merchandise

With a number of licenses and recent funding, Binance.US goals to reinforce its product providing. As well as, the corporate highlighted the significance of schooling initiatives to extend consciousness of digital belongings. Within the close to time period, Binance is planning to introduce a brand new suite of services and products.

“Binance.US at the moment operates in 45 states and 7 territories, providing a number of the business’s lowest charges on 90+ high-quality token listings,” the corporate talked about.

Earlier this 12 months, FTX US obtained $400 million in a funding spherical and topped the valuation of $8 billion.

Crypto buying and selling platform, Binance.US has obtained a Cash Transmitter License from the Puerto Rico Workplace of the Commissioner of Monetary Establishments, the corporate confirmed yesterday in an official announcement.

To date in 2022, Binance.US has secured a Cash Transmitter License in 4 jurisdictions, together with West Virginia, Connecticut, Wyoming and now Puerto Rico. The digital asset agency has expanded its presence throughout the area considerably over the previous few months.

The latest information got here roughly 2 weeks after Binance.US closed one of many largest seed rounds within the historical past of the crypto ecosystem. The crypto buying and selling platform raised $200 million at a valuation of $4.5 billion.

Brian Shroder, the Chief Govt Officer of Binance.US, commented: “Following the profitable shut of our seed spherical, we’re thrilled to construct on our momentum with the receipt of this license and are grateful for the belief of Puerto Rico [Office of the] Commissioner of Monetary Establishments. As America’s house to purchase, commerce and earn digital belongings, our aim is to supply probably the most compliant and customer-centric change in all 50 states and territories.”

“Puerto Rico, particularly, is a vital marketplace for the expansion of crypto, and we stay up for persevering with to supply its residents safe, dependable and low-fee entry to a strong choice of tokens,” Shroder added.

New Merchandise

With a number of licenses and recent funding, Binance.US goals to reinforce its product providing. As well as, the corporate highlighted the significance of schooling initiatives to extend consciousness of digital belongings. Within the close to time period, Binance is planning to introduce a brand new suite of services and products.

“Binance.US at the moment operates in 45 states and 7 territories, providing a number of the business’s lowest charges on 90+ high-quality token listings,” the corporate talked about.

Earlier this 12 months, FTX US obtained $400 million in a funding spherical and topped the valuation of $8 billion.

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