Binance America to Launch on Sept 18 With 6 Crypto Assets As No Longer Serves US Customers

  • Legally & US AML/CFT complaint crypto assets will be added
  • US customers can’t trade or deposit on any longer

Binance US will start account registration and begin accepting deposits on September 18, announced the exchange.

The exchange will launch with six large cap cryptocurrencies viz. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC) along with the stablecoin USDT.

Shortly after registration opens, the exchange will provide an update regarding when trading will go live for specific pairs.

During the registration phase, users will be able to sign up for a Binance.US account and select the tier of verification required as per withdrawal limits.

Legally & US AML/CFT complaint crypto assets will be added

San Francisco-based Binance.US is built on the matching engine and wallet services licensed from Binance and will be operated by BAM Trading Services.

According to Binance, they will make other digital assets available based on the Digital Asset Risk Assessment Framework. Under this framework, the crypto asset must comply with legal requirements and US AML/CFT and securities laws.

Last month, the leading cryptocurrency exchange shared that they are exploring about 30 cryptocurrencies viz. ADA, ATOM, BAT, BCHABC, BNB, BTC, DASH, EOS, ETC, ETH, HOT, IOTA, LINK, LOOM, LTC, MANA, NANO, NEO, PAX, REP, RVN, TUSD, USDC, USDT, VET, WAVES, XLM, XRP, ZIL, and ZRX for listing.

US Customers can’t trade or deposit on any longer

Back in June of this year, Binance announced that it has updated its terms of use that restricts it to provide services to US-based individual and corporate traders. The news came after a day of the exchange announced its plan of launching a separate fully regulated fiat-to-crypto platform for US customers.

As per the timeline, from today onwards, users will no longer be able to trade or deposit on but will be able to access their wallets and funds.

While the use of VPN may allow US users to circumvent these restrictions, withdrawals for non-verified users on the exchange is capped at up to 2 Bitcoin per 24 hours.

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