Binance CEO: It's "too early" to discuss returning to the U.S. market

ChainCatcher news, according to Cointelegraph, when asked whether Binance would look for ways to re-enter the U.S. market or whether it would re-launch its BUSD stablecoin, Binance CEO Richard Teng stated, "Whether we will re-enter the U.S. market, I think it's a discussion that's too early."

"As of now, we are focusing on our global deployment," implying that the exchange is seeking to capture more market share and is paying attention to those he believes "will start allocating funds to this space," including institutions, sovereign wealth funds, and high-net-worth individuals.

Binance exited the U.S. in November 2023 as part of a $4.3 billion settlement agreement with the U.S. government.