- Binance US will launch in the next few weeks
- Binance wants to start operating officially in the US
- Binance US is considering adding 30 tokens to its platform
Binance News Today – Binance is one of the largest and most dominant digital currency trading platforms in the world. The trading platform even has its own native currency Binance Coin (BNB). Since its launch, Binance Coin (BNB) has been gaining ground and it has found its way to the top 10 coins in the market. Recently, Binance announced the launch of Binance US – the American expansion of Binance – the digital currency exchange giant. According to the CEO of Binance America, Catherine Coley, Binance US will launch in the next couple of weeks.
Binance Wants to Start Operating in the US Officially
Binance US is practically the same Binance. However, Binance US is aimed at getting the approval of the United States regulators. Binance has been operating in the US unofficially. Nevertheless, US citizens were still able to access the service. At the moment, the crypto trading platform has cracked down on users in the US that are still accessing the trading platform, in order to appease regulators.
According to a report, BAM Trading Services would operate the outpost and Catherine Coley will manage it. BAM Trading Services is a newly launched firm, whereas Coley was previously an executive at Ripple. To comply with the US regulators, customers would have to pass strict KYC (know-your-customer) for them to use the services of the platform. To create a new account, users would have to provide a social security number and a valid government ID.
Binance US Is Considering Listing 30 Tokens on Its Exchange
According to a press release on Aug. 9, Binance US is considering adding 30 tokens to its trading platform. Some of the coins to be listed include Bitcoin (BTC), Ethereum (ETH), and the native currency of the network Binance Coin (BNB). The exchange is still sorting out the list of states its services would be accessible from. However, it is certain that the services of the firm will not be available in New York City. The reason is that the exchange does not have a BitLicense – the required, and expensive, license an exchange needs to operate in New York.
Immediately the exchange sorts out the states its services would be accessible from, it would open up KYC. The exchange wants to start KYC a couple of days before the launch to enable users open accounts and deposit cryptos.
Binance Coin (BNB) Price Today – BNB / USD
Binance Coin (BNB) is one of the top-performing cryptos in the market. Binance Coin (BNB) is currently the 7th largest crypto by market cap according to CoinMarketCap. BNB to USD price has increased by about 3 percent over the past day, and its market cap has risen to $3.53 billion.