>In public, Zhao said the new U.S. exchange – called Binance.US – was a “fully independent entity.”
While definitions can have nuance, the "fully" prefix is worthy of consideration here. That doesn't seem to lend itself to being an accurate description of a shell exchange.
If you're concerned the "fully" part didn't come from CZ:
>For instance, Binance.com is not available to US users, while there is a brand partnership with Binance.US, which is a fully independent entity that is a compliant and regulated exchange in the US, to provide US users with a safe, secure, and compliant trading platform. [1]
This is pretty clearly saying one thing then doing another.
I'm not saying Binance did nothing wrong, only the article does not elaborate what promise of independence is made.
These statements, while certainly very strongly hinting at total separation, are vague enough that they could mean anything.
Clearly, the powerhouse of transparency that is Binance could just cut all such speculation by providing a proper audit. We're all arguing around the margins of a slightly dog-chewed napkin containing scribbles pinky promising Binance is good for the money...
While definitions can have nuance, the "fully" prefix is worthy of consideration here. That doesn't seem to lend itself to being an accurate description of a shell exchange.
If you're concerned the "fully" part didn't come from CZ:
>For instance, Binance.com is not available to US users, while there is a brand partnership with Binance.US, which is a fully independent entity that is a compliant and regulated exchange in the US, to provide US users with a safe, secure, and compliant trading platform. [1]
This is pretty clearly saying one thing then doing another.
[1]: https://www.binance.com/en/blog/from-cz/a-letter-from-our-ce...