The US will soon have a largely crypto-friendly White House, but Binance’s Richard Teng says it may be too soon to start talks about re-entering the market.
Binance CEO Richard Teng has said it’s too early to discuss if the crypto exchange would reestablish itself in the United States now a pro-crypto president is set to take over after it’s forced exit a year ago.
“Whether we re-enter the US market, I think that's a premature discussion,” Teng told Bloomberg TV on Dec. 9 when asked if Binance would look for a way back into the country or if it would relaunch its Binance USD (BUSD) stablecoin.
“As of now, we are focusing on our global deployment,” he said — hinting that the exchange is seeking to capture market share and was eyeing the institutions, sovereign wealth funds and high net worth individuals he believes are “going to start allocating to this space.”
