What Happened in the Peach State?
So, grab a peach and your favorite digital assets because Binance US has just made a big leap by launching in Georgia! After all the state lineup is finally at a respectable 40! CEO Catherine Coley expressed her excitement in a tweet, reminiscing about her Olympic fandom. Who knew crypto and gymnastics could go hand in hand?
Milestones and Goals
With this recent launch, Binance US proudly announced its journey towards full coverage in the U.S. is on track. The official Binance US account noted,
“100% coverage is our goal.”
Keep your eyes peeled, though! States like Alaska, Connecticut, and, yes, even New York, are still off-limits for now.
The Numbers Game
Let’s talk numbers, shall we? As of 2019, about 61 million adults reside in the states not covered by Binance US. That’s a whole lot of potential crypto enthusiasts left in the dark! However, with new guidelines being drawn by the Conference of State Bank Supervisors, the path to full operation just got a whole lot clearer.
New Guidelines: Licensing Made Easier?
In a twist reminiscent of a thrilling plot from a detective novel, an organization of state regulators has introduced a blueprint for crypto firms. Binance US could possibly bypass the tedious licensing process state-by-state and apply for a single-license shot! Now, how’s that for efficiency?
What Lies Ahead?
Despite the nifty possibility of swift licensing, one can only wonder how long it will take Binance US to actually reach that 100% coverage goal if they follow the traditional licensing route. With just three states added in a year, could they end up singing that old song, “Time Is on My Side?”
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