Binance.US is now live!

Binance.US is now live

The world’s biggest cryptocurrency exchange Binance has started registrations and deposits for US residents in its structural unit. Now registration is not available for those who live in the following States: Hawaii, Alaska, Washington, Idaho, Texas, Florida, Georgia, Louisiana, North Carolina, Connecticut, Vermont, New York. 

News Binance

It is planned that for the first time only 7 cryptocurrencies will be available on the platform. Apart from Bitcoin, Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XPR), Litecoin (LTC), Tether (USDT) и Binance Coin (BNB) are included. As it is announced, other cryptocurrencies will be functioning there in “coming weeks”. The creation of a separate unit for the US became inevitable after Binance stopped working with American users in June. Just notice, 14 June the exchange renewed its privacy policy and included a ban on the use of their services for US residents. Since then the American companies ChainAnalysis and IdentityMind became responsible for compliance with new KYC / AML policy clauses and user filtering.

American users of Binance.com will be able to transfer their old accounts and deposits to this new platform. The launch of an American unit will enable Binance not to lose its users in the US market, and continue to compete with such large-scale cryptomarkets as Coinbase, Kraken, and Bittrex. By the way, the fact that the American unit of Binance and its users are separated from its main platform, and also, the fact that there are not so many trading pairs may not be pleasant for professional American traders and, therefore, reduce the popularity of exchanges in the United States. If you didn’t register Binance you can easily do it with our guide.

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