ok快讯 reported on December 10 that according to Cointelegraph, when asked whether Binance would seek to return to the US market or re-launch its stablecoin BUSD, Binance CEO Richard Teng said: “I think it is too early to discuss whether we will re-enter the US market. At present, we are focusing on the expansion of the global market.” Teng also hinted that the exchange is seeking to seize market share and pay attention to those institutions, sovereign wealth funds and high-net-worth individuals who he believes “will begin to invest in this field.” When asked whether Binance would seek to persuade the incoming Trump administration to cancel or shorten its lengthy supervision period, Teng said that any discussion on the topic was “meaningless.” He said: “I think compliance is the only way, given that global regulation will become clearer, we have the ability to invest heavily in compliance. I hope to turn full compliance into our competitive advantage.”
Binance exited the U.S. market in November 2023 as part of a $4.3 billion settlement with the U.S. government. Binance’s U.S. subsidiary, Binance.US, still operates in the U.S., but is limited to cryptocurrency trading and cannot trade with U.S. dollars.