Crypto giant Binance is all set to launch a new crypto exchange in the US, called Binance US. It has partnered with BAM Trading Services to manage and operate the new exchange. The information comes from a press release.

BAM will use Binance’s wallet and matching engine products whereas Binance will offer BAM Trading Services. The new crypto exchange will bring security and speed to North America. It will work in full regulatory compliance in the US market. The crypto exchange registers as a money services business with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The representatives of Binance and BAM Trading services expressed their excitement for the joint venture of the two firms. It’s not exactly clear when the new platform will launch.

The crypto giant is making headlines lately for its crypto-based developments. Recently, Binance Trust Wallet was released on the binance DEX. In another recent update, Binance blocked user access from 29 countries.