Binance US, the American arm of the world’s largest cryptocurrency exchange by volume, has finally launched. The long-awaited launch comes after months of anticipation and speculation, as the platform had first announced its intention to enter the US market back in June 2019.
The launch is a major milestone not just for Binance, but for the cryptocurrency industry as a whole. Binance US will be one of the first major crypto exchanges to operate in the US, and will offer users a much wider range of options when it comes to buying, selling, and trading digital assets.
However, there is one big catch: Binance US will not be available to residents of New York State. This is due to the fact that New York has some of the most stringent crypto regulations in the country, and Binance has not yet obtained the necessary licenses to operate in the state.
This means that if you live in New York, you will not be able to use Binance US. However, you may still be able to use other Binance platforms such as Binance Jersey or Binance DEX.
We recommend that you check with your local regulators to see if these platforms are available in your state.
Despite the fact that Binance US will not be available to residents of New York State, we still believe that this is a positive development for the cryptocurrency industry as a whole. Binance US will provide much-needed competition to other major exchanges such as Coinbase and Gemini, and will offer users a more diverse range of options when it comes to buying, selling, and trading digital assets.