Binance’s US subsidiary, Binance.US, is having difficulty finding partners for banking transactions in the US after the banking crisis.
Wall Street Journal (WSJ) based on people familiar with the subject 8 April In the news dated Binance.US‘of Having difficulty finding a US-based bank partner gave place. Especially recently, US regulatory institutions increasing pressure on crypto companies It was stated that it played an important role in creating this problematic atmosphere. On the other hand, cryptocurrency friendly Silvergate Bank And Signature Bank‘s bankruptcy and loss of confidence turned into a major obstacle to Binance’s banking services.
According to the transfers, Binance.US To hold US customers’ dollar funds directly needs local banks. The stock market has recently Cross River Bank And Customers Bancorp Although it tries to establish a relationship with banks to get direct service from banks such as attempts have failed.
Commenting on the subject Binance.US spokesperson, In his statement, he used the following statements:
We work with multiple US-based banking and payments providers and continue to recruit new partners as we upgrade our internal systems to build a more stable fiat platform and offer additional services.
In a recent statement by Binance.US, in the next few weeks It was stated that the transition to new banking and payment service providers will be made. Binance.US currently holds client funds Prime Trust holding through.
on the other hand Commodity Futures Trading Commission (CFTC) recently by Binance and CEO To Changpeng Zhoa (CZ) It is thought that the lawsuit filed on the grounds of counter-legislative violations has pushed many banks to abstain from establishing relations with Binance.US.
