This is not a knock against Binance at all. Just something I’m genuinely curious about. Coinbase requires a license in every state to operate it’s exchange ( GDAX/ Coinbase Pro ). Why doesn’t Binance require any? Does it somehow operate in a legal grey area?


➔ Visit Binance now and start trading

Posted in Binance Reddit

4 Comments

  1. coincoindan on 31. July 2018 at 15:25

    It’s because Binance has no on or offroads to US banking or US Dollars. You can’t ACH transfer dollars into Binance from your US bank account. Coinbase, Gemini, Cash App, and others allow you to exchange in USD-Crypto/Crypto-USD.

    That and they’re not located in the US.

     


  2. cryptoaddict_ on 31. July 2018 at 15:25

    Because Binance wont get compliant with the SEC because they list so many unregulated security tokens. My guess is they will remain a non-US company for the foreseeable timeframe.

     


  3. RDNtrader on 31. July 2018 at 15:25

    It’s not based in the US. It’s like asking why tradeogre can operate in the US

     


  4. diab0lus on 31. July 2018 at 15:25

    Enjoy net neutrality while it lasts.