Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available to customers in Texas. While the reasons for this are not entirely clear, it may have something to do with the state’s stringent regulations surrounding money transmission businesses.
In order to operate in Texas, money transmission businesses must obtain a license from the state’s banking regulator, the Texas Department of Banking. To obtain a license, money transmission businesses must meet a number of requirements, including having a physical presence in the state, maintaining certain financial reserves, and complying with anti-money laundering regulations.
Binance does have a physical presence in the United States through its subsidiary Binance US, which is based in San Francisco. However, it is not clear if Binance US has applied for a money transmission license in Texas.
NOTE: WARNING: Binance is not available for use in the state of Texas. Any attempt to access or use Binance services in Texas may result in legal action being taken against you. It is important to abide by all applicable laws and regulations when using cryptocurrency services.
Even if it has, it is possible that the state’s regulators have not yet approved the application.
The lack of clarity around Binance’s status in Texas is compounded by the fact that the exchange does not currently accept customers from any other US state. This may be due to the fact that Binance US is still in the process of applying for money transmission licenses in other states.
Alternatively, it could be because Binance US does not yet meet all of the requirements for operating in Texas.
Whatever the reason, the bottom line is that Binance is not currently available to customers in Texas. This may change in the future, but for now, Texans will need to look elsewhere if they want to trade cryptocurrencies on Binance.
6 Related Question Answers Found
Binance US, the American arm of the world’s largest cryptocurrency exchange by trading volume, is not currently operational in the state of Texas. The reason for this is two-fold. First and foremost, the company has not yet obtained a Money Transmitter License (MTL) from the state of Texas.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is expanding its operations to the U.S. state of Texas. The move comes as the exchange looks to capitalize on the growing demand for digital assets in the country.
Binance US, the American arm of the popular cryptocurrency exchange Binance, is now live. Texans are now able to buy, sell, and trade cryptocurrencies on the platform. The launch of Binance US comes after several months of preparations.
Binance is a cryptocurrency exchange that allows you to trade digital assets including Bitcoin, Ethereum, and Binance Coin. The platform has seen tremendous growth since its launch in 2017, and now boasts over 15 million users. While Binance is available in most jurisdictions around the world, there are a few notable exceptions.
Binance, one of the world’s largest cryptocurrency exchanges, recently announced that it would be opening a new office in Malta. This is good news for the crypto community in Malta, but it also raises the question of whether Binance will now be able to serve customers in Texas. The short answer is yes, Binance can still serve customers in Texas.
Binance US, the American arm of popular cryptocurrency exchange Binance, is now live. The long-awaited launch comes after months of testing and regulatory compliance. Binance US is now available in most states, with the exception of Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New Mexico, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas and Washington.
