Binance.US unable to find bank partners in the United States: Report By Cointelegraph
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The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner to serve as a fiat on-ramp and off-ramp for its clients in the country, according to a Wall Street Journal report on April 8.
The recent failures of Silvergate and Signature Bank (OTC:) left Binance.US without banking services, depending on middleman banks to store funds on its behalf, according to the WSJ, citing “people familiar with the matter.“
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The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner to serve as a fiat on-ramp and off-ramp for its clients in the country, according to a Wall Street Journal report on April 8.
The recent failures of Silvergate and Signature Bank (OTC:) left Binance.US without banking services, depending on middleman banks to store funds on its behalf, according to the WSJ, citing “people familiar with the matter.“
Continue Reading on Coin Telegraph
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