Crypto Prices Mixed; Binance to Resume U.S. Operations Within Two Months By Investing.com


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Investing.com – Cryptocurrency prices were mixed on Friday in Asia. Major crypto exchange Binance’s CEO said the company will likely resume operations in the U.S. within the next two months.

Bitcoin inched up 1.2% to $9,874.8 by 1:36 AM ET (05:36 GMT). Ethereum slipped 0.5% to $181.32, while XRP dropped 0.9% to $0.25665 and Litecoin remained unchanged at $73.301.

Bitcoinn rose above the $10,000 level on Thursday but traders said the crypto king may find itself under further pressure if it suffers a meaningful break below its 100-day moving average, a key technical measure, around the $9,600 price level.

Changpeng Zhao, CEO of Binance, said in an interview with online news outlet Cheddar on Aug. 15 that he expects the company to return to operations in the U.S. “in a month or two.”

“I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but I would say in a month or two,” he said.

Binance temporarily limited services in the U.S. as it worked to open a new division to operate with Financial Crimes Enforcement Network (FinCEN) approval.

“I think the US is one of the most developed markets because I think it has good regulations in the traditional finance space. Crypto is a new thing, and for new things, the US is a big country and with a lot of regulatory bodies and a very large market […] in a large market it is harder to regulate” Zhao added.

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