- U.S Arm of Binance Announces Opening of Accounts Registration Today
- All But 13 States Will be Able to Use the Platform
According to reports, the United States arm of Binance exchange, Binance.US has commenced its accounts registration initiative in the U.S. Binance.US revealed that it has started the opening of accounts registration it originally scheduled for today, September 18.
Per the announcement, the scheme will not include 13 U.S states. The 13 affected states include New York, Washington, Florida, Alabama, Alaska, Connecticut, Georgia, Hawaii, Idaho, Louisiana, North Carolina, Texas, and Vermont.
Registration Began at 8 a.m. ET Today
Going by a report published on September 17, the accounts registration scheme began at 8 a.m. ET today, September 18. Note that this was the case in states where the opening of accounts registration was eligible. Here is a statement from Binance regarding the 13 U.S states that were excluded:
“Although we are unhappy because we cannot offer 13 U.S states Binance at this time, please be assured that this is only the beginning. It is our goal to bring Binance to the people in the affected states.”
From the above statement from the platform, it is clear that sometime in the near future Binance.US will be able to give access to the 13 states. That is the states that are currently excluded from the scheme.
Binance Coin (BNB) Price Today – BNB / USD
According to Binance, after the registration process has been initiated, it will start accepting inbound transfers from U.S. users without fees. The platform will accept the inbound transfer of tokens like Bitcoin, Ether, XRP, Bitcoin Cash, Litecoin, Tether and Fiat (USD).
The registration will only be possible after the users have met the “appropriate account verification protocol,” the report stated. In addition, the announcement also revealed that the no trading fees incentive setup by Binance.US for the accounts registration will drag on until November 1, 2019.
Binance.US is now a Separate Entity from Binance.com
The announcement also noted that all trades on the Binance.US platform will now be separate from trades on Binance.com. The reason for this is because the former is already a separate entity. Binance.com is also run by BAM Trading Services hence it will be a separate company from Binance.US. It was also revealed via the announcement that U.S. user digital assets will be stored in their Binance.US wallets.
Per an earlier report by Cointelegraph on September 11, 2019, the 24-hour trade volume of the futures market of major crypto exchange Binance, has now exceeded the $150 million market. The market is denominated in USDT.