The latest cryptocurrency news show that the major cryptocurrency exchange Binance and its United States-based branch named Binance US (Binance.US) will launch in the coming weeks. Preceded by the Know Your Customer (KYC) registration details a few days earlier, the crypto exchange Binance.US and its launch is expected in the following weeks.
According to an official Medium post published by the exchange on September 6, the launch of the trading platform is what is going to follow the KYC onboarding (starting a few days earlier). The main aim of everything is to ensure that users will have enough time to verify their accounts and deposit their funds.
The crypto exchange BinanceUS (Binance.US) is described as:
“…a fast, compliant, and secure digital asset marketplace. As a local partner of the global Binance ecosystem, we bring the best-in-class technology, speed, and execution of Binance to everyday users in the United States.”
In order to complete the onboarding process, every user of the crypto exchange Binance US will be required to provide a valid government ID – such as a driver’s license or passport – as well as their social security number. As the post noted, the list of states where the exchange will be available is still not finalized. However, it will be released before the start of the onboarding process.
The blog post on Medium has spread quickly in the altcoin news. Users looking for information on the registration process for registering on the crypto exchange Binance US will find the following paragraph helpful (as Binance.US said in the official blog post):
“KYC (know your customer) will be required for trading on Binance.US. Setting up a new account will require a valid government ID (driver’s license or passport) and social security number (SSN) to register for access to the Binance.US marketplace, available in most U.S. states. We are finalizing the list of states where we will start to roll out service to users and will release this list before we begin onboarding customers.”
On the other hand, many best cryptocurrency news sites reported that crypto enthusiasts living in the United States lost a lot of trading options for many crypto assets when Binance became unavailable to them in September.
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