Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share
COINDESK ·
Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year "hibernation" tied to regulatory issues surrounding the broader Binance brand. Gregory said Binance.US is a separate U.S.-only entity with its own governance structure, though it shares a common beneficial owner and brand name with Binance.com. He said the exchange previously held roughly 20% of the U.S. crypto exchange market and is targeting a return to that level. Gregory said Binance.US is now licensed exclusively to serve U.S. customers. What this means: Binance.US is trying to compete with exchanges such as Coinbase and Kraken by emphasizing lower trading costs and a broader product lineup. Gregory said the exchange has reduced fees to "essentially almost a no-fee exchange," with 0% maker fees and 2-basis-point taker fees. He said the company has kept costs low by operating with a lean team and expects to generate revenue from services like custody alongside trading. Gregory said the exchange is rebuilding liquidity through incentives and direct outreach to retail customers, including personally contacting some of its top users for feedback.
AI 시장 분석
Binance.US CEO announced that the exchange is rebuilding and aims to regain 20% market share in the US. Binance.US is working to recover 20% market share in the US, which will mark a revival for Binance.US in the US exchanges market. Binance.US's goal will strengthen Binance.US's influence in the US exchanges market.
상승 영향
- Bitcoin — Regaining 20% market share in the US will strengthen Binance.US's influence in the US exchanges market, potentially leading to higher prices for Bitcoin (BTC).
DYAX 전담 분석
With Binance.US's resurgence, the platform's influence in the US exchanges market is expected to increase, leading to potential price increases in Bitcoin (BTC).
Furthermore, this development could attract more users to the platform, leading to increased trading activity and subsequently higher liquidity.
Additionally, Binance.US's reputation as a reliable and trustworthy exchange could improve, further boosting investor confidence and potentially driving up prices.
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