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Binance US officially launches trading services in Connecticut

Binance US officially launches trading services in Connecticut

The United States arm of the popular cryptocurrency exchange, Binance, has opened its trading services to residents of Connecticut. 

Binance US announced on Thursday, January 20, 2022, that residents of Connecticut can now register on Binance’s platform to buy, sell and trade digital assets like cryptocurrencies.

Connecticut residents can access the services by downloading the Binance US app which is available on Apple and Android devices. 

The Binance.US platform officially launched in 2019 to provide regulated crypto trading services to residents of the United States. 

The trading platform has been approved to operate in 44 U.S. states but it intends to secure approvals across all 50 states and territories.

According to Binance.US CEO, Brian Shroder, the firm’s expansion reflects the growing demand for digital assets and cryptocurrencies in the country. 

In a recent survey conducted by crypto platform, Voyager Digital, there seems to be a lot of validity in Shroder’s statement. The survey focus was on American residents. 

According to the survey, nearly two-thirds, or 61% of Americans may purchase digital assets and cryptocurrencies in 2022. 

50% of the survey participants said they would invest more in cryptocurrencies if they understood the asset class better.

According to media sources, Binance.US is pursuing a “mega funding” deal and plans to go through with an initial public offering (IPO) in the near future. 

Binance’s CEO, Changpeng Zhao, has expressed total confidence in the independent U.S. arm’s ability to raise the funds even after it was rumoured that investors had initially backed out of a similar initiative last summer over regulatory concerns.

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