- Created: 23-01-22
- Last Login: 23-01-22
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Description: Binance Blocks US Customers - Where Will Crypto Traders Go Now? Binance will begin blocking US customers from trading on the Binance.com website. In attempt to become compliant with US law, they will be opening a new exchange which is designed for US customers. This exchange, named Binance.us, will be able to support US customers who are still interested in using Binance as their home exchange. But, we know you have questions. What is going to happen next? What if I don’t want to use Binance.us? What are the best crypto exchanges for trading now? Does this mark the end of Binance? Don’t worry, we will answer all of these questions and more as we dig into everything that is going on with Binance futures trade bitcoin coin crypto. Binance.us. Binance.us is going to be the partner exchange to the Binance.com exchange. One thing that should be made clear so there is no confusion, Binance.us will not be operated by Binance. Binance.us is going to be operated by BAM Trading Services. This company will license technology from Binance in order to build the exchange. The idea of another company operating the Binance.us exchange is certainly a concern which raises more questions than it answers. Besides the Binance branding, it’s difficult to say if the exchange will have the same level of security, stellar reputation, and customer-centric operating principles. Unfortunately, the confusion that is Huobi / HBUS / Huobi Global / Huobi Pro has left a bad taste in some investors’ mouths. Raising the concern that a few small missteps and we could end up with a similar nightmarish situation. Supported Cryptocurrencies. With the announcement of Binance.us, many cryptocurrency traders and investors questioned which assets would be available to US customers. The Binance team has not released any hard details on the cryptocurrencies that will be listed at launch, but they did provide some assets they are considering. These assets were the following. While we don’t know whether all these assets will be available for trading at the launch of Binance.us, the team has more recently announced the exchange will support deposits for Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, kreditka.pw and Tether starting on September 18 when registrations on the exchange open. It may not be indicative of the actual assets which will be available in the short term, but it’s just another area of concern. Binance has prided itself as the exchange which listed the greatest projects available in the crypto market. If the team is only able to support a handful of blue chip assets, Binance.us will be directly competing with the likes of Coinbase Pro. It is yet to be seen if they can compete with Coinbase Pro when the playing field has been leveled. Update: The assets available at launch have been confirmed in a blog post published by CEO Catherine Coley. Binance Coin (BNB) Strange enough, Binance failed to mention BNB as an asset being supported for deposits at launch.
Publish Date: 23-01-22