Despite the arrival of a crypto-friendly administration in the United States, it’s still too early to talk about Binance re-entering the country. Binance CEO Richard Teng shared this perspective during an interview with Bloomberg Television.

“I think it’s premature to discuss returning to the U.S. market. Right now, we’re focused on global expansion. The company is growing rapidly, and we’re very pleased with our progress,” he stated.

Exit from the U.S. Market

Binance ceased its U.S. dollar operations in 2023 after settling a lawsuit with the U.S. government. The exchange was accused of violating sanctions, money laundering, and operating without a license. As part of the settlement, a five-year independent oversight of Binance’s operations was implemented.

Teng emphasized that Binance will not pressure newly elected President Donald Trump to shorten or revoke the oversight period. He argued that regulatory compliance could serve as a key competitive advantage.

“Compliance is the right approach. With global regulations becoming clearer, we have the opportunity to invest heavily in this area. I want full regulatory compliance to be Binance’s competitive edge,” he remarked.