Binance, Exchanges

Is Binance a Banning US Customer?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is no longer allowing U.S.

customers to trade on its platform. Binance made the announcement on Friday, stating that it would “block IP addresses accessing the Exchange from within the United States of America starting 09:00 PM (UTC) on 09/14/2019.”.

The move comes as Binance looks to comply with U.

regulations and launch a compliant platform for trading digital assets in the country. Binance US, which is set to launch in “the coming weeks,” will only be available to users who are not citizens or residents of the United States.

The exchange first announced its plans to launch a U.-compliant platform back in June, when it revealed that it had secured a strategic investment from an unnamed “U.

NOTE: WARNING: Binance is currently banning US customers from using its services. As such, US customers should be aware that they may be blocked from using the platform and their accounts could be terminated if they are found to be in violation of this policy. US customers should also be aware that Binance may take legal action against those who try to circumvent this policy or use its services in any way other than what is allowed by Binance.

financial institution.” At the time, Binance said that the new platform would be subject to “strict regulatory compliance” and would operate in full compliance with U. lAWS and regulations.

In its announcement on Friday, Binance said that it had made the decision to “geo-block” its main platform after “careful consideration” and in order to “ensure compliance with local lAWS and regulations.” The exchange added that it would continue to assess the situation and “explore the possibility of opening up access to the platform for U.

S.-based customers in the future.

Binance has been one of the most popular cryptocurrency exchanges in the world, due in part to its wide range of features and low trading fees. However, the exchange has also been embroiled in controversy, most notably over its handling of a hack that saw hackers steal more than 7,000 Bitcoin from Binance’s hot wallets in May of this year.

The hack led to a number of users calling for a boycott of Binance, with some even going so far as to call for a class-action lAWSuit against the exchange. However, Binance has since made a number of changes to its security protocols and has reimbursed all users who lost funds in the hack.

Despite its troubles, Binance remains one of the most popular cryptocurrency exchanges in operation today. The exchange’s decision to ban US customers may come as a disappointment to some, but it seems likely that Binance is simply playing it safe as it looks to launch its US-compliant platform in the near future.

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