❓What happened to
All of you have already read the news that Binance in September will stop serving US residents. This decision is due to the fact that in the United States tight government regulation in the field of financial services. In addition, the United States has not yet decided on its attitude to cryptocurrency.
If the rights of the Americans were violated somewhere, the SEC will be angry to anyone who violated the rights of US citizens. Binance wants to be a tough monopoly on the cryptomarket and the decision to split the United States off was a necessary measure.
However, #Binance did not go a radical way, as #BitMex, for example, did not turn off the United States. Binance will create a separate division in the United States, which will follow US law and properly fulfill all the requirements of US regulatory bodies (in any other way in America). Read more about BAM and Binance partnership here.)
Yesterday, the media did not quite correctly filed the news that Binance would stop serving US residents. Yes, they stop serving US residents with their main Binance unit, but you should not forget that they created a separate Binance.us unit for US citizens.In conclude
The United States accounts take up for 24% of all trading volumes of the Binance cryptoexchange, which is quite a lot (for comparison - Russia is 3%, Great Britain 3%, Japan 7%). And such negative news could not save the alts from the drop, even though Binance created Binance.us.
Alts began to selling in $BTC trading pair, and because of this overflow there was a jump in the price of BTC. This FUD and alts drop caused a 1% increase in Bitcoin domination.