Binance.US Opens Trades in Florida

Intro:

Binance.US, the United States branch of major crypto exchange Binance, just announced it would be making its services available to Florida residences. CEO Catherine Coley was chosen by CEO Changpeng Zhao (better known as CZ) who is the founder and CEO of Binance. Catherine Coley is a Florida native that grew up in Orlando, she started her career in 2011 at Morgan Stanley as a foreign exchange analyst in Hong Kong and later in London. Coley worked as head XRP institutional liquidity, now she has started leading as Binance.US CEO.

First Seg:

According to an Aug. 24th update on the Binance.US website, the digital asset marketplace will now be allowing Floridians to buy, trade, and earn digital assets. As of this writing, Binance.US has not yet removed Florida from the list of states in which its services can legally be used, which includes Alabama, Alaska, Connecticut, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, and Washington.

Binance.US CEO Catherine Coley also announced the expansion of the site's services on twitter, stating "Florida woman bring crypto market place to home state." Coley grew up in Orlando. The addition of Florida makes it the 38th eligible state for residents to use Binance.US since the market place opened account registration in the United States in September 2019 though its services are also available in some U.S territories like Puerto Rico. Roughly 12.3 million people over the age of 18 reside in the sunshine state.

As Binance, the world's largest cryptocurrency exchange, prepared to launch a U.S arm last year, Ceo Changpeng Zao chose Coley as its American CEO. That makes Coley, a former foreign exchange trader for Morgan Stanley, the lone female chief of a major crypto exchange in an industry dominated by men. In her role, she has shepherded Binance.US through the American regulatory process in order to make the service available to customers in 38 states, listing more than 40 different cryptocurrencies the most of any U.S. exchange. And with the company's official launch of its mobile app this year, Coley has helped Binance.US capitalize on a surge in cryptocurrency demand during the Coronavirus pandemic, growing the service's user base by 82% in march 2020 alone.