📣 Notice | Update to the Binance.US Community 📣
We wanted to provide an update to the Binance.US community in light of last week’s news regarding CZ and Binance.com.
As you know, Binance.US was launched with the express purpose of serving United States customers in accordance with all U.S. rules and regulations. While we share a brand and industry-leading technology stack, we operate independently of Binance.com.
To that end, Binance.US is not a party to the settlements announced last week, nor do we have any outstanding enforcement matters with the DOJ, FinCEN, OFAC, or CFTC. We remain fully operational and are committed to continuing to serve our customers with the same products and services as we always have.
That said, as CZ transitions to life after Binance, he has decided to step down from his role as Chairman of our Board of Directors and transferred his voting rights through a proxy arrangement, whereby his interest in the company is purely economic and he will no longer be involved in our governance.
We are exceptionally grateful to CZ for his guidance and counsel over the years. With his support, we have established Binance.US as a destination of choice of U.S. customers seeking a superior crypto trading experience.
So, now what? Binance.US continues to be led by Norman Reed and our existing, experienced management team. We are well capitalized to continue to build and grow our platform and to do so with renewed clarity and momentum, while maintaining the same customer first commitment.
The team at Binance.US is as energized as we have ever been about the opportunity for our business and our mission to modernize and democratize the financial system.
