Binance.US, the American branch of the global cryptocurrency exchange Binance, received a significant legal victory last Friday. A federal judge approved the exchange’s request to invest specific customer assets in U.S. Treasury bills.
This move marks a notable shift as it releases Binance.US from previous constraints imposed by the U.S. Securities and Exchange Commission (SEC).
“This order represents a significant step forward for Binance.US in providing secure investment options to our customers,” stated the affiliate following the court’s decision.
Enhanced Custody and Investment Strategies
Under the new court order, Binance.US will transfer cryptocurrencies to a third-party custodian unaffiliated with the exchange. Additionally, Binance.US operator BAM Trading Services is now authorized to invest certain customer fiat funds, which are held at the cryptocurrency custody firm BitGo, into U.S. Treasury bills.
These…
