Binance US, the American division of the world’s largest cryptocurrency exchange by trading volume, is now live. The platform will initially only be available to residents of 35 states, with more states being added over time.
Binance US is a digital asset marketplace, providing advanced financial services to traders in the United States.
Binance US is operated by BAM Trading Services Inc., a subsidiary of Binance.
com. Binance US will be led by CEO Catherine Coley, a Wall Street veteran who has held senior roles at Morgan Stanley, HSBC and Xapo.
The launch of Binance US comes as the cryptocurrency industry eyes further expansion in 2020. Last year saw a number of major exchanges launch or expand their services to the United States, including Coinbase, Kraken and Circle’s Poloniex.
NOTE: WARNING: Binance US is not open to US citizens residing in certain states. Before signing up, please make sure you check the state restrictions for your area. Additionally, Binance US does not support all cryptocurrencies that are offered on other versions of Binance. Please review the list of supported coins before investing any funds.
Binance US will offer trading pairs with USD, as well as with Bitcoin (BTC), Ethereum (ETH), XRP and Tether (USDT). The platform will also offer staking rewards for select digital assets.
Initial coin offerings (ICOs) and margin trading will not be available on Binance US, in line with regulatory requirements.
Binance US is subject to state-by-state regulations, which means that not all residents of the United States will be able to access the platform. However, Binance has said that it is “committed to working with regulators across the United States to obtain licenses where we can operate lawfully”.
The launch of Binance US is a major step forward for the cryptocurrency exchange in its quest to expand its operations globally. While the platform is currently only available to residents of 35 states, this is likely to change over time as Binance looks to obtain the necessary licenses to operate in more jurisdictions.
For now, though, Binance US provides a much-needed gateway for American traders looking to get involved in the world of digital assets.
6 Related Question Answers Found
Binance US is a digital asset exchange platform launched in 2019. The platform is designed for US citizens and offers them a safe and secure way to trade cryptocurrencies. The platform is also compliant with all applicable US lAWS and regulations.
Binance is the world’s largest cryptocurrency exchange by trading volume. It has been operating since 2017 and is headquartered in Malta. The company has offices in Tokyo, Shanghai, and Hong Kong.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available to users in the United States. The exchange has been incredibly popular since its launch in 2017, and its decision to not serve US customers is likely due to the stricter regulation surrounding digital assets in the country. This regulatory environment has made it difficult for exchanges like Binance to obtain the necessary licenses to operate in the US.
As one of the world’s largest cryptocurrency exchanges, Binance has been a go-to platform for digital asset traders since its launch in 2017. However, since the exchange is based in Malta, there has always been some question as to whether US-based traders can use the platform. The short answer is yes, US residents can still use Binance.
As one of the world’s largest cryptocurrency exchanges, Binance has become a go-to platform for digital asset trading. Based in Malta, the company has been able to evade some of the stricter regulations implemented by governments like the United States. This has allowed Binance to offer a wider range of services than many of its competitors, who have been forced to shutter their doors to US customers due to regulatory pressure.
Binance is the world’s leading cryptocurrency exchange. Based in Malta, the exchange has been in operation since 2017 and is now one of the most popular exchanges in the world with over 10 million users. The exchange allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more.