Binance Blocking 13 States From New US-Based Crypto Exchange
Binance says 13 states will be blocked from its new crypto exchange Binance.US.
The exchange, which is set to accept initial registrations on Wednesday, will prohibit customers in the following states as it works to ensure its platform is compliant across the US.
- New York
- North Carolina
Binance.US CEO Catherine Cooley says the exchange will keep pressing to ensure the platform is available to all US citizens.
“Although it is upsetting that we cannot offer Binance.US in the states where I grew up and earned my education at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home…
U.S. customers will be able to buy listed coins with USD through ACH or wire transfer methods. We will be exploring other options based on the demand of our users.”
The platform will debut with six supported cryptocurrencies including Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Tether.
Users who have coins that are not available for trading on the platform can still store the assets on Binance.US.
“All coins/tokens not yet listed on Binance.US can still be stored with other custodians in the custody method of your choice (ex. hot wallet, cold storage, etc.) and traded on other venues that have live order books in those pairs. Over the coming weeks, we will be adding coins that satisfy our Digital Asset Risk Assessment Framework.”
According to Cooley, the platform plans to steadily add more coins after its initial launch.