Binance.US CEO Brings Crypto Trading Services to Her Home State of Florida
“Florida woman brings crypto marketplace to home state,” is how Binance.US CEO Catherine Coley, who grew up in Orlando, describes the latest development.
Binance US is now opening its doors to the crypto users of the Sunshine State who can now buy, trade, and earn digital assets on the platform, making it the 38th state the exchange is now providing its services in.
Florida, the third most populous state with more than 12 million people over the age of 18, has been one of the 13 states not allowed legally to trade on Binance.US when it was launched last September.
New York, Texas, Washington, Alabama, Alaska, Connecticut, Georgia, Hawaii, Idaho, Louisiana, North Carolina, and Vermont are still restricted.
This latest expansion came following Binance.US procuring a Floridian money transmitter license under the name BAM Trading Services; a FinCEN registered company acquired by Binance last year.
— CZ Binance (@cz_binance) August 25, 2020
According to Coley, 2020 might be the year when cryptocurrency goes mainstream as large banking institutions welcome digital currencies on their platforms, governments weaken the US dollar, and more Americans are at home, witnessing the discrepancy in the Wall Street’s growth with the main market and the nation’s unemployment rate.
So, whether someone has heard of bitcoin or not, it is a concept that is “not going anywhere,” and crypto is now a huge part of our future, she wrote.