#CryptoCorner: Binance to Open US Division, Companies Form Governing Consortium With Investment in Facebook’s (NASDAQ: FB) GlobalCoin

Point Roberts, WA and Delta, BC – June 14, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.

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#CryptoCorner: Binance to Open US Division, Companies Form Governing Consortium With Investment in Facebook’s ( $FB) GlobalCoin

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Crypto Corner

Stocks discussed: (NYSE:V) (NYSE:MA) (Nasdaq:PYPL) (NYSE:UBER) (Nasdaq:FB) (OTC:CLCI) (Nasdaq:AMZN)

Crypto exchange giant Binance is expanding to the U.S. with the opening of a new division, according to a report from Cointelegraph yesterday. Binance US will be operated by BAM Trading Services, the company’s Financial Crimes Enforcement Network (FinCEN) approved partner. Binance CEO Changpeng Zhao commented:

“We are excited to finally launch Binance US and bring the security, speed, and liquidity of Binance.com to North America. Binance US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.”

CoinDesk reports that, according to an article published by the Wall Street Journal, Visa (NYSE:V), Mastercard (NYSE:MA), PayPal (NasdaqGS:PYPL) and Uber (NYSE:UBER) are all backing Facebook’s (NasdaqGS:FB) planned cryptocurrency. The more than a dozen total backers will form a governing consortium for Facebook’s GlobalCoin, and will make an investment to the tune of about $10 million USD. GlobalCoin, which is reportedly designed as a stablecoin, is expected to be officially unveiled on June…

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