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Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share

ER June 2026 Image

Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year "hibernation" tied to regulatory issues surrounding the broader Binance brand.

  • Gregory said Binance.US is a separate U.S.-only entity with its own governance structure, though it shares a common beneficial owner and brand name with Binance.com.
  • He said the exchange previously held roughly 20% of the U.S. crypto exchange market and is targeting a return to that level.
  • Gregory said Binance.US is now licensed exclusively to serve U.S. customers.

What this means: Binance.US is trying to compete with exchanges such as Coinbase and Kraken by emphasizing lower trading costs and a broader product lineup.

  • Gregory said the exchange has reduced fees to "essentially almost a no-fee exchange," with 0% maker fees and 2-basis-point taker fees.
  • He said the company has kept costs low by operating with a lean team and expects to generate revenue from services like custody alongside trading.
  • Gregory said the exchange is rebuilding liquidity through incentives and direct outreach to retail customers, including personally contacting some of its top users for feedback.

Reading between the lines: Gregory said a more favorable U.S. regulatory environment could allow Binance.US to expand beyond spot trading.

  • He said the company expects to pursue additional licenses that would enable products including derivatives, perpetual futures and prediction markets.
  • Gregory said he believes federal agencies are expanding their crypto oversight in ways that could support broader product offerings.
  • He added that Binance.US wants to bring the liquidity associated with the Binance brand to U.S. customers to improve pricing and competition.

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