Binance, the world’s largest cryptocurrency exchange by trading volume, is open to US citizens. The Malta-based company announced the news in a blog post on Tuesday.
The exchange will now allow US-based investors to trade cryptocurrencies on its platform, with some exceptions. Binance will not support trading of certain tokens that are considered securities under US law.
This move comes as Binance looks to expand its reach in the US market. The exchange has been seeking a regulatory partner in the US since last year.
The news also comes as Binance prepares to launch its own US-based cryptocurrency exchange later this year. Binance CEO Changpeng Zhao said in an interview with Bloomberg last month that the exchange is on track to launch its US platform by the end of 2019.
NOTE: WARNING: Binance is not open to US citizens or related entities. Trading on Binance may be considered a violation of US laws and regulations and may result in legal action taken against you. We recommend that US citizens seek legal counsel before engaging in cryptocurrency trading on any platform.
It is unclear if Binance’s US expansion plans are connected to its decision to open up its platform to US citizens. The company did not immediately respond to a request for comment.
The decision to allow US investors on its platform is a major shift for Binance, which has long been seen as a haven for crypto traders looking to avoid regulations. The exchange has been criticized for listing controversial tokens and for allegedly helping users wash trade cryptocurrencies.
Binance has taken steps to improve its compliance in recent months. The exchange hired a former compliance officer from the US Securities and Exchange Commission (SEC) in March, and it has worked with regulators in Malta and Japan.
The move to open up its platform to US investors indicates that Binance is serious about expanding its business in the world’s largest economy. Whether or not the company will be able to navigate the complex regulatory landscape remains to be seen.
5 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 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.
Yes, US residents can use Binance. However, they must first go through a process called “ KYC,” or “know your customer.
” This process is required by US law, and it helps to prevent financial crimes like money laundering. Once you have gone through KYC, you will be able to trade on Binance just like anyone else.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available in the United States. The firm announced earlier this year that it would be launching a U.S. exchange, but has yet to do so.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available to users in the United States. The company has been tight-lipped about its plans to enter the US market, but it is widely believed that Binance is working on obtaining the necessary licenses to operate in the country. In the meantime, US users can still access Binance’s services through its US-based subsidiary, Binance.US.