Is Binance shutting down in US?

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The company said the decision was made “taking into account strategic, commercial and developmental considerations globally .” “We always put our users first, so our decision to close Binance.sg was not taken lightly,” said Richard Teng, CEO of Binance Singapore.

DeFi stands for “decentralized finance” and refers to the ecosystem comprised of financial applications that are being developed on top of blockchain systems .