Binance.US has begun operations, and the exchange has started registering users as well as receiving deposits. The company announced the launch through a blog post telling users that they can begin depositing various cryptocurrencies.
Binace to Binance.US
With registrations and deposits underway, users are now able to create accounts on the platform and begin depositing cryptocurrencies. The list of cryptocurrencies of the platform includes Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Tether, and Binance’ native BNB tokens. Furthermore, people can create fiat-verified accounts to deposit US dollars.
Binance.US has a different CEO than the original Binance platform. The branch is led by Catherine Coley, the former head of XRP liquidity at Ripple Labs.
Coley addressed the launch stating that the company hopes to provide a reliable digital asset market with top-class industrial technologies.
Binance.US: Restricted services
User can begin trading on the exchange as soon as they create an account. Binance.US wants to provide an inclusive gateway for traders in America to trade cryptocurrencies.
However, the platform currently offers restricted services and does not possess all trading tools that the original platform has. Therefore, it shall operate with zero trading fee until November this year. Furthermore, the platform has banned various altcoins from trading on the US platform.
The exchange is based in San Francisco, California and it is operated by BAM Trading Services that seemed out of the radar until Binance approached it. The US platform is built on the Binance exchange that is one of the largest and most recognized cryptocurrencies of the world.