Binance says 'wait and see' on re-entering the U.S. Ripple's CEO thinks it's happening

Ripple’s CEO predicted Binance would re-enter the U.S., as the cryptocurrency exchange’s co-CEO said it would adopt a “wait-and-see” approach.

Binance, the world’s largest crypto exchange, exited the U.S. in 2023 as part of a deal in which then CEO, Changpeng Zhao, pleaded guilty to criminal charges over the failure to prevent money laundering on the exchange, as part of a $4.3 billion settlement with the Department of Justice.

Zhao was pardoned by U.S President Donald Trump in October. A Bloomberg report in December said the company was mulling re-entering the U.S. market.

In an interview with CNBC in Davos on Tuesday, Binance’s co-CEO, Richard Teng, said it was taking a “wait and see” approach to re-entering the U.S., which he called “a very important marketplace.”

Shortly afterwards, in a separate interview with CNBC, Brad Garlinghouse, the CEO of blockchain company Ripple, predicted it would happen.