Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now available in Washington state. The exchange announced the news on its blog on Tuesday, May 22.
This marks the first time that Binance has been available in the U.S.
for users looking to buy, sell, or trade cryptocurrencies. The exchange is also now available in 30 other states across the country.
Binance first launched its U.
exchange in September 2019 with support for trading pairs with fiat currencies like the dollar and euro. However, the exchange did not initially support any state-level regulations.
The new announcement from Binance means that the exchange is now compliant with Money Transmitter LAWS (MTLs) in Washington state. MTLs are regulations that require businesses to have a license to transmit money or value within a state’s borders.
NOTE: WARNING: Binance is not available in Washington State. Any attempt to access Binance in Washington State is strictly prohibited and may result in legal action.
To comply with MTLs, Binance has partnered with Simplex, a third-party provider of financial services that specializes in crypto-fiat transactions. Simplex will act as a Money Services Business (MSB) on behalf of Binance in Washington state.
This is similar to how Binance has partnered with Paxful to offer crypto-fiat trading pairs in New York state. Paxful is also an MSB licensed by the New York State Department of Financial Services (NYDFS).
The addition of Washington state means that Binance now supports MTLs in 31 states across the U.
, including New York, California, Florida, and Texas. The exchange plans to expand its MTL coverage to more states in the future.
Binance CEO Changpeng Zhao (CZ) said that the expansion into Washington state is part of the company’s larger goal to make crypto more accessible to everyone around the world.
“Our mission is to make crypto more accessible to everyone and this expansion is another step towards that goal,” CZ said. “We are excited to bring our world-class trading platform and services to users in Washington state.”.
9 Related Question Answers Found
Binance, the world’s largest cryptocurrency exchange by trading volume, is not currently allowed to operate in Washington state. The Washington state Department of Financial Institutions (DFI) issued a cease and desist order to Binance on July 14th, 2019. The order stated that Binance was not registered as a money transmitter in the state of Washington, and that they were violating state law by operating without a license.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is planning to open a U.S.-based exchange. Binance CEO Changpeng “CZ” Zhao said the company is in the “final stages” of registering with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U. S.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now available in Washington state. The Malta-based company announced the news in a blog post on Tuesday, revealing that its U. S.-based platform is now live in the state.
Binance is one of the most popular cryptocurrency exchanges in the world, and it offers a variety of features that make it a good choice for staking. One of the most important features is its low fees. Binance charges a flat 0.
1% fee on all trades, which is much lower than the industry average.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available in the United States. The company has been growing rapidly since its launch in 2017, and now has over 10 million users worldwide. While Binance has not officially announced plans to expand into the US market, it has been rumored that the company is considering doing so.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is available in over 180 countries. The Malta-based company has seen rapid growth since its launch in 2017, and its platform supports over 1,500 cryptocurrencies. Binance is not available in the United States, however, due to regulatory restrictions.
Binance is one of the most popular cryptocurrency exchanges in the world. It is also one of the most reliable exchanges in terms of security and customer support. Binance was founded in 2017 by Changpeng Zhao, a developer with a background in finance.
Binance, one of the world’s largest cryptocurrency exchanges, is available in 190 countries and territories around the world. The platform allows users to buy, sell, and trade a variety of digital assets, including Bitcoin, Ethereum, Litecoin, and more. Binance is a global company with offices in multiple countries, including the United States, Japan, Hong Kong, and Taiwan.
Binance is the world’s largest cryptocurrency exchange by trading volume. It’s no surprise, then, that it’s also one of the most popular exchanges among cryptocurrency investors. But is Binance safe to use?
