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US Users Will Not Be Able to Trade on Binance Before Binance US Launches

Neironix
August 16, 2019 12:00 AM
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US Users Will Not Be Able to Trade on Binance Before Binance US Launches

This will happen on September 12, and the new Binance US exchange will become available no earlier than in a couple of months, but there is no official launch date yet.

“I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but I would say in a month or two. I think the US is one of the most developed markets because I think it has good regulations in the traditional finance space. Crypto is a new thing, and for new things, the US is a big country and with a lot of regulatory bodies and a very large market in a large market it is harder to regulate.”

It is important to note that after September 12, US customers will not be able to trade on Binance.com, but they will still be able to withdraw their deposits.

Representatives of Binance declare that they are considering 30 cryptocurrencies for listing Binance US. But 5 coins in the TOP-20 are not in the list: Bitcoin CV, Monero, Tron, LEO, and Tezos.

Binance cooperates with BAM Trading Services, which will manage Binance US, whose CEO is Catherine Coley, who has been Ripple's institutional liquidity manager in the past.

Before to join the digital asset world, Coley worked in the institutional forex market at Morgan Stanley and managed international payments for startups in Silicon Valley.