Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now available in the United States (US). The popular digital asset platform announced the news on Tuesday, providing US-based crypto enthusiasts with access to a wide range of coins and tokens.
The move marks a significant expansion for the Malta-based company, which has seen tremendous growth since it was founded in 2017. Binance is now available in over 180 countries across the globe.
The US launch is a “milestone” for Binance, according to CEO Changpeng Zhao. “Binance has always placed an emphasis on complying with local lAWS and regulations,” he said.
“With the help of our community, we have been able to expand our services to 180+ countries and regions.”.
In order to comply with regulations in the US, Binance has set up a separate entity called “Binance US”. The new platform will be operated by US-based digital asset financial services firm BAM Trading Services Inc.
Binance US will offer a selection of around 30 digital assets at launch, including popular coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple’s XRP. The platform will also feature a number of unique tokens, such as the Binance Coin (BNB).
NOTE: The use of the Binance platform, and any related services, for citizens of the United States is strictly prohibited. Any U.S. citizens using the platform, or any related services, are doing so at their own risk and may be subject to legal penalties. Additionally, Binance is not currently licensed to operate in the United States and may be subject to legal action if it does so.
US customers will be able to trade cryptocurrencies against USD or Tether (USDT) on the Binance US platform. The exchange will charge a flat fee of 0.
1% per trade. Deposits and withdrawals will be free of charge.
In order to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, Binance US will require customers to undergo a verification process. This will involve submitting documents such as a driver’s license or passport, as well as providing proof of address.
The verification process is currently underway and is expected to be completed by September 15th. Trading on the Binance US platform will begin on September 18th.
The launch of Binance US is just the latest development in the ongoing expansion of the cryptocurrency industry in the United States. Earlier this year, major crypto exchange Coinbase launched its own crypto trading platform Coinbase Pro in select states.
And last month, Bakkt, a digital asset platform developed by Intercontinental Exchange (ICE), announced that it would begin testing its Bitcoin futures contracts in December 2018.
The arrival of Binance in the US is good news for crypto enthusiasts in the country who have had limited options when it comes to exchanges. It also provides a boost to the legitimacy of cryptocurrencies as mainstream financial institutions continue to warm up to the asset class.
9 Related Question Answers Found
Binance is the world’s leading cryptocurrency exchange. Based in Malta, the exchange has been in operation since 2017 and is now one of the most popular exchanges in the world with over 10 million users. The exchange allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more.
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.
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, 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 US is a US-based cryptocurrency trading platform launched in 2019. The platform is operated by Binance Holdings Ltd.
, the world’s largest cryptocurrency exchange by trading volume. Binance US is available to residents of all 50 states and Puerto Rico.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been in operation since 2017. The company’s CEO is Changpeng Zhao, who has an extensive background in trading and technology. Binance is headquartered in Malta but also has offices in Japan, Taiwan, and Hong Kong.
Binance US is a digital asset exchange that allows users to buy, sell, and trade a variety of cryptocurrencies. The exchange is one of the most popular in the world and is available in over 180 countries. Binance US is headquartered in San Francisco, California.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available in the United States. The company has been ramping up its international expansion in recent months, but has yet to establish a presence in the US. This is likely due to the fact that the US regulatory environment for cryptocurrency is still very much in a state of flux.
Binance, one of the world’s largest cryptocurrency exchanges, does not currently support customers in the United States. The company has been growing rapidly since it was founded in 2017, and now has over 10 million users in over 180 countries. However, US customers are not able to access the Binance platform or use its services.
