Binance, Exchanges

Is Binance Futures Available in the US?

Binance Futures is not available in the US as of now. The US Commodity Futures Trading Commission (CFTC) has not given its approval to any crypto futures exchanges so far.

Binance CEO Changpeng Zhao has said that the company is in talks with the CFTC to get the approval, but nothing has been finalized yet.

This is a setback for US-based traders who were looking forward to trading on Binance Futures. The platform was launched in September 2019 and has been quite popular among traders.

NOTE: WARNING: Binance Futures is currently not available in the United States. Any attempts to access the platform from a US IP address will be blocked. Trading on Binance Futures from the US is strictly prohibited and may result in legal consequences.

It offers leverage of up to 125x and has low trading fees.

The CFTC’s hesitance to approve crypto futures exchanges is due to the inherent riskiness of the asset class. Bitcoin, for instance, is highly volatile and has seen several major price swings over the past few years.

This makes it difficult for the regulator to protect investors from potential losses.

It remains to be seen if and when Binance Futures will be available in the US. For now, US-based traders will have to look elsewhere for their futures trading needs.

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