Binance, a global leader in cryptocurrency exchanges, has officially launched its U.S.-based platform, Binance.US, marking a strategic expansion into the American market. While this launch opens doors for many U.S. traders, residents of 13 states—including New York and Texas—are currently excluded due to regulatory constraints.
Key Features of Binance.US
Zero Trading Fees (Limited-Time Offer)
To celebrate its launch, Binance.US is offering zero trading fees on all pairs until November 1, 2019. Post-promotion, standard fees will apply:
- 0.1% for personal accounts.
- Variable fees for corporate accounts (based on trading volume).
Supported Cryptocurrencies
Initially, the platform supports trading for:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Tether (USDT)
Additional assets will be added after passing Binance’s Digital Asset Risk Assessment Framework. Notably, Binance’s USD-pegged stablecoin (BUSD) is not yet available.
Regulatory Compliance and Partnerships
Binance.US operates under full regulatory compliance via a partnership with BAM Trading Services, a FinCEN-registered entity. This ensures adherence to U.S. financial regulations, including anti-money laundering (AML) protocols.
👉 Learn more about Binance.US’s security measures
Geographic Limitations
The platform is unavailable in the following states:
- New York
- Texas
- Washington
- Alaska
- Florida
- Connecticut
- Georgia
- Hawaii
- Idaho
- Louisiana
- Vermont
- North Carolina
Binance has stated it is actively working to expand access to these regions.
User Transition and Security
- Fund Transfers Required: Users must migrate assets from Binance.com to Binance.US, as the platforms operate independently.
- Enhanced Security: Binance.US prioritizes robust cybersecurity measures to protect user funds and data.
FAQ Section
Q: Why is Binance.US unavailable in my state?
A: Regulatory restrictions in certain states require additional approvals. Binance is engaging with local authorities to resolve this.
Q: Will zero-fee trading continue after November 1?
A: No. Standard fees (0.1% for individuals) will apply post-promotion.
Q: Can I use my existing Binance.com account for Binance.US?
A: No. Binance.US is a separate platform, requiring a new account and fund transfer.
Q: Is BUSD available on Binance.US?
A: Not yet. The exchange plans to add it after further regulatory review.
👉 Explore Binance.US’s roadmap for future features
Final Notes
Binance.US represents a regulated, fee-competitive gateway for U.S. traders, albeit with temporary geographic limitations. The platform’s success hinges on its ability to navigate local regulations while maintaining Binance’s hallmark security and liquidity.