CEO Changpeng Zhao of major cryptocurrency exchange Binance has announced that the platform is going to launch its US division by November this year.

In an interview with Cheddar news outlet, Zhao revealed that Binance US will be launching in a month or two. After partnering with BAM Trading Services in June, Binance has opened up its plan of launching trading services for US citizens. In order to launch Binance US, the exchange will license its matching engine and wallet technologies to BAM.

“The U.S. has always been a very important market; globally it’s one of the biggest markets for any business, including in cryptocurrency,” he said. “We want to be fully compliant. Before we didn’t feel we had the experience to do that but now we have our partners so we want to take this opportunity to explore the market.” Zhao said.

Recently, Binance has reportedly announced that it is abandoning the current Omni technology, and will be utilizing ERC-20 addresses, regarding the stablecoin tether (USDT) wallets of its clients.

Earlier, Binance was planning to introduce a new British pound stablecoin, developed on its native Binance Chain blockchain system and currently in a testing phase, reported by The Crypto Sight on June 5