Binance US Trading Starts Tuesday! Binance US Trading Starts Tuesday for most US Customers! Trading will be done through fiat-crypto and crypto-crypto trading pairs. 7 cryptocurrencies will be available immediately – Bitcoin, Binance Coin, Ethereum, XRP, Bitcoin Cash, Litecoin, and USDT.
ADA, BAT, ETC, XLM, and 0x will also be available to be deposited very shortly. Registration for the new exchange started last Wednesday, but the announcement did not disclose a specific date for an official launch.
In the weeks ahead, the platform will roll out additional cryptocurrencies that meet US regulations and compliance standards. The standard will be based on the Digital Asset Risk Assessment Framework.
Users who already have deposits with Binance.com will not see their funds transferred to the new platform – Catherine Coley, Binance.US’ CEO clarified those comments. Users for the new exchange will also receive a $15 dollar referral bonus until Nov. 1st.
In June, Binance revealed that US Customers would be barred from trading on the platform. In the same month, Binance revealed that they would partner with California-based BAM Trading Services to set up Binance.US as its US platform. BAM is a money services businesses that’s registered with the US Treasury’s Financial Crimes Enforcement Network (FinCEN). While the US company, BInance.US, would clear regulatory and compliance barriers, the new platform is still restricted in 13 states as of today. Users in those 13 states, including New York, Florida, and Texas, cannot register for an account at Binance.US.
Support for those 13 states will be forthcoming. How? By strengthening its compliance and security practices through partnerships via Chainalysis and IdentityMind.
The move to the US Market is not unexpected by the largest cryptocurrency exchange by volume in the world. What do you think? Have you set up an account with Binance US yet? Let us know what you think on our Facebook page!
