🔸Binance is discussing a plan to revive Binance.US, where the most important move is to reduce CZ's ownership stake to a lower level. This move aims to remove the thorn in the eyes of US officials, helping the exchange to apply for a license to operate in key states that are currently blocked due to concerns about CZ's control.
🔸The refinancing and restructuring show that Binance has not yet given up its ambitions in the largest financial market in the world. If successful, Binance.US will become a more independent and compliant entity, ready to face off to regain market share from Coinbase after a long period of being hindered by legal barriers.
Is this step back by CZ enough for Binance.US to get back in the race, or has the US market pie already been shared among competitors?
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