Binance US Now Open for Registration!
Binance.US, the San Francisco-based division of major cryptocurrency exchange Binance.com, opened its registration and deposit services on September 23. Initially, the platform will support six mainstream cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Stablecoin (USDT)
Following its announcement, Binance.US added Binance Coin (BNB)—the native token of Binance exchange—as its seventh listed cryptocurrency. CEO Changpeng Zhao (CZ) had earlier hinted via Twitter that BNB would serve as a functional token in the U.S.
Key Features of Binance US:
- Fixed Trading Fee: After the zero-fee promotion ends, Binance.US will charge a flat 10% transaction fee per trade, unlike most exchanges that adjust fees based on trade volume.
- Independent Operation: Accounts and funds from Binance.com will not automatically transfer to Binance.US, as the latter operates as a separate entity.
👉 Discover how Binance US compares to global exchanges
Binance US: A Solution for Previously Restricted U.S. Users
In June, the Financial Action Task Force (FATF) released updated "crypto guidelines," prompting Binance to revise its strategy. The exchange began restricting "low-verification accounts" and auditing user eligibility, effectively blocking U.S. markets.
However, Binance simultaneously partnered to launch Binance US, a tailored platform for American users. Despite this, regulatory constraints exclude residents of 13 states, including New York.
Catherine Coley, CEO of Binance.US, acknowledged the limitations in a July statement:
"While I’m personally disappointed we can’t yet serve my home state, our mission remains to bring services to the places you call home."
FAQ Section
1. Can I use my existing Binance account on Binance.US?
No, Binance.US requires separate registration. Funds from Binance.com are not automatically transferred.
2. Which states are excluded from Binance.US services?
New York and 12 other states due to local regulatory restrictions.
3. What makes Binance.US different from Binance.com?
Binance.US adheres to U.S. regulations, offers fewer cryptocurrencies, and charges a fixed 10% fee post-promotion.
👉 Learn more about compliant crypto trading in the U.S.
Market Perspective
The rapid evolution of fintech demands adaptive solutions. As virtual currencies and financial technologies expand, progressive adoption—akin to the vision of "democratizing financial services"—becomes imperative to global participation.
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