Express

Binance.US Joins Silvergate Exchange Network As Binance Begins Blocking US Clients

Emily Mason

Summary: Binance.US has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network used by some of the largest trading entities in the space, as reported by Coindesk. SEN's payment network already includes crypto exchanges Gemini, Kraken and ErisX. SEN allows corporate traders to instantly move dollars between crypto exchanges regardless of the time.  The news comes ...

Binance.US has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network used by some of the largest trading entities in the space, as reported by Coindesk.

SEN's payment network already includes crypto exchanges Gemini, Kraken and ErisX. SEN allows corporate traders to instantly move dollars between crypto exchanges regardless of the time. 

The news comes as Binance has begun blocking US users from using its main platform and redirecting them to its US branch Binance.US. A recent Forbes article alleged that the US division of Binance acts as a regulatory decoy in order to feign complaince with the nation's stricter rules surrounding cryptocurrencies. 

By Emily Mason

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 1 day ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago
  • You need to login to comment.