I think Binance and CZ is slowly steering away from the big USA market and it is all because of the many problems it is encountering in trying to fulfill the demands of the governmental regulators. One of the big main area of concern is the lack of clear regulatory framework to work with in USA...and I think this is also the big complaint of many in this industry against SEC and related agencies. No matter how hard a platform is trying its best, when things are not yet stably established then it can be so difficult to wriggle in. I am then glad that Binance is now setting its eyes on new market and making sure that relationships are forged which can be helping it in many ways into the future. Welcome to Georgia!
Yeah, obviously this is the case right now for CZ, I mean they have their Binance.US but not sure if this is enough for the regulators to allow him to trade in their soil. And with the recent litigation by CFTC, CZ will have to find a way to get back and then steer away from US.
He already have his presence in Asia already. And so Europe will be the obvious target for him.
It's big and at least regulators are very open there, so good move for CZ and his Binance to conquer another continent.