Binance.US Expands Into Florida, Eyeing Millions of Potential New Traders

[kolbalish]

Binance’s U.S. affiliate has taken Florida off its cryptocurrency trading “no-fly list” and on Monday opened for business in the Sunshine State.

The expansion into America's third-most populous state follows Binance.US’s July procurement of a Floridian money transmitter license under the name “BAM TRADING SERVICES INC.”
Florida was one of the 13 states not included in Binance.US’s original game plan. When the exchange launched in 37 states last September, Binance.US avoided states whose licensure regimes required additional vetting.
Binance.US chief Catherine Coley, who grew up in Orlando, told CoinDesk the two-year Florida license grants her exchange access to what is now its second-largest potential market: 12 million eligible traders.
“We’re well aware that not every single person above the age of 18 is going to download Binance.US tomorrow, but it is a huge population that is ripe for understanding how digital assets work,” she said.
Heavily populated states such as New York and Texas are still out of bounds for Binance.US. Coley said more states will be added as their respective money transmitter licenses clear.

Want to read about more, just go through the link: https://www.coindesk.com/binance-comes-to-florida

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[bearexin]

Well, binance sure knows how to  grow bigger. Every single year they have been in operation those guys actually managed to make the most improvements from any website I have seen. Do you know why poloniex was the biggest exchange out there and even before binance came along they lost their spot to bittrex as peoples favorite?

Yeah, because poloniex was so hard on their own ways that they didn't listen to feedback and never improved, they said they had an exchange that worked and it was making money and since it all worked they didn't want to change anything and disrupt the workings of something that profited them.

Binance is just the opposite, they do not care what happens with the downside, they just want to improve and stay the best place as long as they can afford and manage to do.

[mk4]

Not sure if people gaining access to thousands of shitcoins is a good idea, but whatever, it's potentially more market liquidity. I'm a lot more hyped up when I saw Binance UK's street advertisements on Twitter. I mean, look at it! I'm not that much of a fan of Binance, but I can appreciate a good Bitcoin ad.

https://twitter.com/BinanceUK/status/1299286993193627648

[The Sceptical Chymist]

Not sure if people gaining access to thousands of shitcoins is a good idea, but whatever, it's potentially more market liquidity. I'm a lot more hyped up when I saw Binance UK's street advertisements on Twitter. I mean, look at it! I'm not that much of a fan of Binance, but I can appreciate a good Bitcoin ad.

Wow, that was a pretty cool advertisement!

I think it's just fine that Binance has all the shitcoins it does.  If all we had was bitcoin, I think the crypto space would be a hell of a lot more boring, with a lot less flavor. 

Once upon a time I had the pleasure of using Binance, and then all of a sudden they reorganized their US business and my state was excluded.  Since I don't actively trade and don't even own much in the way of altcoins it wasn't a huge loss to me, but I did find it annoying.  I know I'm not unique, so there are probably crypto enthusiasts in Florida who are celebrating right now that they can use Binance again--it's not like there are a lot of other options for US residents if you want to trade altcoins on an exchange that's got at least somewhat of a decent reputation.

So even though I won't benefit from this, it's good news for Floridians.  Thanks for posting the article, OP.

[mk4]

Wow, that was a pretty cool advertisement!

Yep. It's quite surprising for me to see Binance actually focusing on Bitcoin and not crypto, knowing that Binance is actually known and mostly used for bitcoin<->altcoins, and a lot less for bitcoin<->fiat. Definitely a pleasant surprise.

I think it's just fine that Binance has all the shitcoins it does.  If all we had was bitcoin, I think the crypto space would be a hell of a lot more boring, with a lot less flavor.  

Yea, people having access to an altcoin casino has it's positives and negatives.

[kolbalish]

Not sure if people gaining access to thousands of shitcoins is a good idea, but whatever, it's potentially more market liquidity. I'm a lot more hyped up when I saw Binance UK's street advertisements on Twitter. I mean, look at it! I'm not that much of a fan of Binance, but I can appreciate a good Bitcoin ad.

Wow, that was a pretty cool advertisement!

I think it's just fine that Binance has all the shitcoins it does.  If all we had was bitcoin, I think the crypto space would be a hell of a lot more boring, with a lot less flavor. 

Once upon a time I had the pleasure of using Binance, and then all of a sudden they reorganized their US business and my state was excluded.  Since I don't actively trade and don't even own much in the way of altcoins it wasn't a huge loss to me, but I did find it annoying.  I know I'm not unique, so there are probably crypto enthusiasts in Florida who are celebrating right now that they can use Binance again--it's not like there are a lot of other options for US residents if you want to trade altcoins on an exchange that's got at least somewhat of a decent reputation.

So even though I won't benefit from this, it's good news for Floridians.  Thanks for posting the article, OP.

It's pleasure for you and all the Floridians as well. Now it is you and who were not pleasured before for this, become happy now and celebrate it. I just try to spread the news which is important to us to know. This is one of them.

Enjoy!