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LSK · 16w

Updates from LiskHQ About the Lack of LSK in the Binance US New Listings - Lisk Magazine

Binance US announced in a blog post that its efforts to launch a cryptocurrency exchange in the country are proceeding rapidly, but LSK seems to not be in the new listings. Here there are some considerations from LiskHQ in relation to this event.

In June Binance announced that it will stop serving US individual and corporate customers on in September, but thanks to the partnership with BAM Trading Services Inc. it is preparing to launch customized trading services for users in the United States.

Binance US has adopted a Digital Asset Risk Assessment Framework to help select bona fide blockchain projects with a real chance of making the world more efficient, to provide transparency in their listing standards, and to ensure Binance US’s compliance with applicable legal requirements.

This framework examines five main areas of each candidate crypto:

compliance with applicable legal requirements, including US AML/CFT and securities laws and their implementing regulations; strategy of the core team to solve a real problem that affects the world; relationship between core team and community members; quantitative analysis of market supply and demand; security of the technology and feasibility of the project.

In the announcement they released that the following digital assets are being evaluated under this framework for listing on the Binance US marketplace:

Lisk community was upset to not see there its coins, so questions arose about the relationship between US exchanges and LiskHQ.

Max Kordek, President at Lisk Foundation, stated in Discord chat:

We have analysed what would be necessary for us to get more clarity in the American markets last year. It would be required to get a legal opinion from a US law firm which potentially works together with the SEC to get further clarity themselves. The costs for that are estimated around 20-40k USD with no guarantee of the outcome. With the newly adopted BD depart...
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