OFR Enters into Agreement with BAM Trading Services, Inc.

Tallahassee, Fla. — Today, the Office of Financial Regulation announced that an agreement was reached with BAM Trading Services, Inc., doing business as Binance.US, a cryptocurrency exchange currently licensed in Florida as a money transmitter.

This year, BAM Trading Services, Inc., has entered into agreements with several states including a multi-state settlement agreement due to Changpeng Zhao’s 2023 felony conviction, who has since been pardoned by President Trump.

Importantly, in the agreement with the OFR, BAM Trading Services, Inc., has agreed to follow its implemented procedures which will protect Floridians and the integrity of the marketplace.