Binance.US Targets 20% US Market Share with Regulatory Hurdles Ahead

Binance.US, the US arm of global cryptocurrency exchange Binance, is looking to regain its share of the US market after two years in a regulatory-induced 'hibernation'. According to CEO Stephen Gregory, the company once held about 20% of the US crypto exchange market and aims to return to that level.

To achieve this goal, Binance.US will focus on low fees. The exchange charges 0% maker fees and 0.02% taker fees, making it a near-zero-fee platform. Gregory also mentioned plans to expand into derivatives, perpetual futures, and prediction markets if the US regulatory environment improves.

The company's expansion plans are contingent upon improvements in the regulatory environment. Binance.US will use liquidity tied to the Binance brand to improve price competitiveness for US customers.