Binance’s CEO Changpeng Zhao (CZ) also commented on the evolving structure of the exchange in a tweet:
During CoinDesk’s Consensus Singapore event last September, CZ revealed that Binance is planning to launch five to ten exchanges around the world, two per continent, but did not specify the chosen locations. So far the firm was able to launch platforms in Uganda, Singapore, and Jersey, and is now planning to release one in the USA. The new platform will be established in partnership with BAM Trading Services, a company that has been approved by the Financial Crimes Enforcement Network. The news has been confirmed by BAM Trading Services in a Medium post.