Binance US registration September 18 announced! Binance US registration will begin September 18th and customers will be able to open and deposit cryptocurrencies at 8:00 Eastern Time.
The move is bullish – indicating that the launch of Binance’s closely related US Exchange is imminent. Prior to the launch of trading, Binance.US is opening up user registration for traders. This is according to an announcement by Binance.US CEO Catherine Coley.
During the registration phase, users can verify their account and attain higher withdrawal limits by disclosing personally-identifying information to ensure they are compliant with US Tax and Anti-Money Laundering Laws.
After registration opens next Wednesday, the exchange will unveil when trading will go live for specific trading pairs. Once registered for an account, users can start depositing Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Tether into their account to prepare for trading when officially launched.
Pairs that will be available on Binance.US will be based on a new “digital risk assessment framework” It’s likely that the pairs offered on Binance.US will be significantly less than the coins offered on the international Binance website due to tighter regulations. The SEC has clarified that most coins and tokens fall under its purview.
Binance.US will expose itself to enforcement actions and other legal costs for listing potentially unregistered securities – but like Coinbase, they will probably evaluate the risk attached to each individual token and take on greater risk if that means obtaining a bigger market share.
Binance’s push towards the US Market is part of the exchange’s broader initiatives to expand outside the international crypto-crypto market – a segment it dominates. The exchange is expanding into other niches, including fiat on/off ramps, crypto futures and derivatives, fiat-backed stablecoins, and now, the massive US Customer Segment.
Binance has made it clear that Binance.US is not a subsidiary of Binance. They’ve declined to comment on the exact relationship between the two.
If Binance.US is successful, Binance will rule the crypto-exchange arena. What do you think? Let us know on our Facebook page!