Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available to investors in the United States. The company has been growing rapidly since it launched in 2017, and it now has millions of users from all over the world.
However, US investors have been left out of the Binance party due to regulatory concerns.
The US Securities and Exchange Commission (SEC) has been cracking down on cryptocurrency exchanges and ICOs in recent months, and Binance may fall under its regulatory purview. Binance CEO Changpeng Zhao has said that the company is “working on” getting approval from US regulators, but it’s not clear when or if that will happen.
In the meantime, US investors can still trade cryptocurrencies on Binance via a third-party service called USDC.
USDC is a stablecoin that is pegged to the US dollar, and it can be used to trade any cryptocurrency listed on Binance. You will need to create an account with a US-based crypto exchange or wallet that offers USDC, such as Coinbase or Gemini.
Once you have purchased USDC, you can then send it to your Binance account and trade it for any other cryptocurrency on the platform.
So while Binance is not currently available in the United States, there are still ways for US investors to trade on the platform. It remains to be seen if and when Binance will be able to obtain the necessary approvals from US regulators.