Binance has announced that a cryptocurrency exchange dedicated to United States users called Binance.US, scheduled to open doors in six days’ time.

Binance, one of the most popular cryptocurrency exchanges with 565 trading pairs, does not require identification information to sign up. However, it announced in mid-June that United States customers would be banned as of 12 September due to regulatory uncertainty.

Binance.US is scheduled to open up for registrations and deposits on September 18, and trading will commence soon after that, although the time of trading commencement has not been disclosed yet. Binance.US looks to be far more limited than regular Binance, with only Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and Tether trading available to start. Further, Binance.US will require identification information to sign up in order to comply with regulations.

Apparently, Binance.US will be available everywhere besides New York, due to the New York Bitlicense regulations. At this time Binance has not applied for a Bitlicense.

Overall, it seems probable that Binance.US will be far less popular than regular Binance due to the lack of trading pairs and the identification verification requirements. However, it is possible that the new Binance should be looking to increase the variety of cryptocurrencies it offers in the future.

 

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