Binance is the most popular Bitcoin exchange in the world. According to a study conducted by the University of Lucerne Applied Sciences, Binance is also among the three best Bitcoin apps in Switzerland. now, As mentioned before Wall Street Magazine (Paywall!), Trump is alleged to be interested in investing in Binance.
Reports indicate that the representatives of the family of US President Donald Trump dragged talks with Binance about obtaining a code of encryption, with continuous discussions regarding possible participation in the Binance branch in the United States.
Binance.us: Why is the exchange of encryption separate from its mother company?
Binance is one of the largest encrypted currency exchanges in the world, but its American platform, Binance.us, works independently of the international parent company. The cause of strict financial regulations lies in the United States. While Binance works worldwide without a fixed headquarters, a separate entity must be created for the American market to comply with regulatory requirements.
Binance.us was launched in 2019, with local partners to meet organizational demands. Unlike the main platform, Binance.us offers a limited range of cryptocurrencies and does not support certain features such as derivative trading. Despite this separation, the relationship between the two entities remains a controversial problem, especially in organizational procedures.
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