Binance.US: Enabling Access to All on the Digital Frontier

Published on
February 23rd, 2021
Duration
45 minutes


Binance.US: Enabling Access to All on the Digital Frontier

The Interview - Crypto ·
Featuring Catherine Coley and Santiago Velez

Published on: February 23rd, 2021 • Duration: 45 minutes

Catherine Coley, CEO of Binance.US, joins Santiago Velez, co-founder and R&D division lead for Block Digital, to discuss Binance’s role in the crypto ecosystem, the need for different Binance exchanges based on jurisdiction, and the future of crypto. Coley explains that many countries and even states within countries have different laws and regulations, and in order to support as many regions as possible, Binance created jurisdiction-specific exchanges like Binance.US. Describing how different Binance exchanges are able to tailor their asset offerings to suit a wide array of regulatory environments, Coley says that Binance also plays a unique role in the ecosystem through bridging the traditional financial world as a fiat on-ramp for the crypto world by allowing users to withdraw their digital assets from their exchange and allocate them within the fully decentralized ecosystem, a feature that many other exchanges do not offer. This is in contrast to many exchanges that do not allow users to withdraw crypto from their platforms. Filmed on February 17, 2021.

Key Learnings: Crypto is a global phenomena that is spread across many jurisdictions, making it difficult to create a “one fits all” approach to legal requirements. Binance has developed separate exchanges to help onboard the largest amount of people while still being compliant with a wide variety of jurisdictions. Binance is somewhat unique in that it allows for users to fully withdraw their digital assets from the exchange.

Comments

Transcript

  • TK
    Tomoko K.
    26 February 2021 @ 14:13
    I WANT to love Binance.us but holy crap. I've been waiting 2 maybe 3 days now for a response from customer service as to why I can't access my account. I'm not even sure I"m in the queue anymore! :o(
  • rp
    ravi p.
    25 February 2021 @ 09:00
    As a US citizen living in Thailand, Still difficult to register on Binance.us - despite having an account on Binance.com for past 2 years.
  • rp
    ravi p.
    25 February 2021 @ 06:19
    Still very complicated for US citizens living oveseas to register on the US exchange.
  • PD
    Peter D.
    24 February 2021 @ 01:37
    Catherine Coley smiled. Looked great. Said nothing. The Bankers have taken over. Bitcoin is mainstream.
    • BJ
      Bob J.
      24 February 2021 @ 17:39
      Cookie cutter business woman always do that. It is soothing for regulators. That is the service the MBA woman provides, and clearly it is a commodity in high demand.
  • AF
    Andrew F.
    24 February 2021 @ 12:51
    I really like binance and everything they have to offer, but they need to figure out how to approve customers on binance.us faster. I’ve been waiting for WEEKS for my next level identity verification. I see on Reddit other customers are having the same issue. I have accounts on Gemini and Kraken. Both were approved in < 2 days. Binance I’ve been waiting for > 3 weeks. It’s unacceptable.
  • MK
    Martin K.
    24 February 2021 @ 02:28
    Great interview Santiago. Can you bring in somebody from Kraken as well?
  • JG
    Jonnie G.
    23 February 2021 @ 09:43
    Great interview, thanks! I moved from Coinbase to Binance because frankly they were shocking. High fees with the worst customer service and poor selection of crypto. I've been on binance now for nearly a month and I love it. The interface was a little overwhelming but everything that Catherine said was spot on. I love it now and look forward to using the platform with a smile.
    • tc
      thomas c.
      24 February 2021 @ 01:42
      can buy trade Ocean and Avalanche. I'm looking for a dollar funded exchange that has those 2. Kraken doesn't
  • mw
    michael w.
    23 February 2021 @ 19:29
    Binance US still doesn't offer service in Texas and they have limited pairs available to trade. Just get a VPN and use the full site.
  • MH
    Muddshir H.
    23 February 2021 @ 17:58
    Great interview Santiago
  • JP
    John P.
    23 February 2021 @ 14:55
    Great interview
  • JP
    John P.
    23 February 2021 @ 14:54
    The phrase “learnings” is so dumb. Please just use the word that had worked for 500 years: “lessons”. Corporate guys trying to sound smart.
  • JW
    Jared W.
    23 February 2021 @ 14:30
    She is spot on with many answers, the trading fees are much lower especially if you pay fees with BNB. The API is also wonderful to plug into 3commas and utilize trading bots.
  • LS
    Lewis S.
    23 February 2021 @ 08:43
    Here I am shorting the BNB token as I listen to this.
    • JG
      Jonnie G.
      23 February 2021 @ 09:44
      haha