Binance is introducing restrictions on trading in the United States in response to a $4.3 billion fine for violating American laws. The company has tightened listing requirements and emphasizes compliance with regulatory norms. This comes after Binance admitted guilt last year for violating US laws on money laundering and sanctions, resulting in a significant fine. As part of the new measures, Binance has implemented stricter checks for prime brokers to limit American investors' access to its platform. These checks include requests for office locations and require respondents to sign affidavits confirming the accuracy of the information provided.

As a result of these actions, Binance co-founder Changpeng Zhao has stepped down as CEO, handing over management to Richard Teng, who now faces the task of restoring the exchange's reputation and market share under the watchful eye of American regulators. Binance asserts its full commitment to compliance requirements and conducts assessments of end users who may access its platform.

These measures underscore Binance's seriousness in complying with legislation and regulatory requirements, as well as their impact on American investors and the global cryptocurrency market.