Cryptocurrency

Binance .US Officially Launches Trading Services in Connecticut

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U.S. cryptocurrency exchange Binance.US, where Operates independently of the global Binance platform, has officially opened its trading services to Connecticut residents.

Beginning January 20, Connecticut residents can register to buy, sell, and trade digital assets such as Bitcoin (bitcoin) and ether (Ethereum) on the Binance.US platform, the company announced Thursday. Residents can also access the Binance.US mobile app on Android and Apple devices.

Binance.US was launched in 2019 to provide regulated cryptocurrency trading services to US residents. Currently, the trading platform is licensed to operate in 44 U.S. states and intends to be approved in all 50 states and territories.

Brian Shroder, CEO of Binance.US, said his company’s expansion reflects the country’s growing demand for digital assets.One new american survey This view, carried out by crypto platform Voyager Digital, seems to confirm. Nearly two-thirds (61%) of Americans are likely to buy digital assets this year, according to the survey. 50% of survey participants said they would invest more in cryptocurrencies if they had a better understanding of the asset class.

related: Crypto Mainstream Adoption: Is It Already Here?Expert Answers, Part 3

Meanwhile, separate data from Arcane Research shows that, The U.S. is dominating the Bitcoin trading space. U.S. trading hours account for 43% of Bitcoin’s average 24-hour trading volume so far this year.

As Cointelegraph reported, Binance.US is eyeing ‘mega funding’ deals through an initial public offering.Binance CEO Changpeng Zhao expressed confidence in the U.S. company’s ability to raise capital, even as investors reportedly withdrew from similar initiatives Last summer, out of regulatory concerns.