After the nationwide initiation, Binance US unavailable in thirteen (13) major states of the United States of America (US) that include Washington and New York.
The network has taken various initial steps including the prohibition of a few states in the network in order to make it acquiescent across the land.
Binance is one of the largest cryptocurrency trading networks around the globe involving over a hundred cryptocurrencies. They have launched a separate version of the platform for users based in the U.S.
The instigation of the platform does not currently include thirteen (13) states of the U.S which are as follows:
- New York
- North Carolina
However, along with the release of the names of the states where the facility will temporarily be unavailable, the Chief Executive Officer (C.E.O) of Binance.US Catherine Cooley ensures everyone that the exchange will not rest until all of the states are involved in it and are a part of it.
She stated her grief regarding the fact that the offer for the inclusion of Binance US will not be available for the states she grew up in or got her education in. However, she promised to not “rest”, lest she gave each and every state in America a fair fighting chance in the market.
Through Binance US, the users will be able to buy currency via US Dollars (USD), Automated Clearing House (ACD) or wire-transfer, etc. Binance.US is willing to show flexibility towards the demands of their users regarding the matter as well.
The platform will initially commence with six major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USDT). People who own other cryptocurrencies can, for the time being, store them in the “cold storage” or “hot wallet” of the facility.
Binance.US plan to gradually add more coins to the system as they fall into place with the requirements of Digital Asset Management.