Binance, Exchanges

Can I Use Binance in California?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now allowing its users in California to trade cryptocurrencies on its platform.

The move comes after the exchange closed its U.S. operations in July 2019, following the launch of its new platform, Binance.

US. The new platform is operated by Binance’s partner, BAM Trading Services.

NOTE: Warning: Binance is not available in California. Trading with Binance in California is illegal and could result in criminal penalties. Any individual or entity that engages in the activity of buying, selling, or trading digital assets may be subject to California state and federal laws. We strongly recommend consulting with a licensed attorney before engaging in any such activities.

Binance had previously stated that it would not serve customers in the state of New York due to the state’s “BitLicense” requirements. The BitLicense is a set of regulations for businesses that deal with cryptocurrencies in the state of New York.

The exchange has now announced that it will open up its platform to users in California, with plans to roll out the service to more states in the future.

California is home to a number of major tech companies and startUPS, as well as a large number of cryptocurrency and blockchain-related businesses. The state is also home to a number of major exchanges, including Coinbase, Kraken, and Bitfinex.

Binance’s decision to open up its platform to users in California is likely to be welcomed by the cryptocurrency community in the state. The move will also provide a boost to the broader adoption of cryptocurrencies and blockchain technology.

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