Binance.US Reveals Support for BTC, ETH, XRP and Three Additional Altcoins
Binance.US has revealed which crypto assets will be supported on launch day.
According to a new blog post, the new US-based exchange will begin accepting registrations next Wednesday.
From the outset, six cryptocurrencies will be supported.
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Tether (USDT)
These are the six largest cryptocurrencies by market cap, according to data compiled by CoinMarketCap.
Binance says it plans to continue adding new cryptocurrencies as it works to ensure every coin on the platform is compliant with US regulations.
“After trading launches for this first phase, we will be continually adding to the selection of digital assets available for verified users to deposit and eventually trade on Binance.US.
Trading availability of the digital assets we’re exploring will be based on our Digital Asset Risk Assessment Framework.”
Binance has not yet revealed when trading will be live on the platform; however, US residents will no longer be able to trade on Binance.com as of September 12th.
The company says Binance.US will feature strong know-your-customer (KYC) requirements. To open an account, users need to upload a valid government ID (driver’s license or passport) and social security number.