Binance.US, United States branch of major cryptocurrency exchange Binance, announced that the opening of accounts registration, scheduled for Wednesday, will not include New York, Washington, Florida and 10 more states.
Registration will start at 8 a.m. ET on Sept. 18 in most U.S. states, excluding the following: Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington. The post continues:
“Although it is upsetting that we cannot offer Binance.US in [these] states […] at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home.”
No fees at launch
Once the registration process started, Binance.US will begin accepting inbound transfers of Bitcoin (BTC), Ether (ETH), Ripple’s XRP, Bitcoin Cash (BCH), Litecoin (LTC), Tether (USDT) and USD “upon appropriate account verification.” Additionally, according to the announcement, there would be no trading fees until Nov. 1.
It is also noted that trades on Binance.US will be separate from Binance.com since the former is a separate company, operated by BAM Trading Services. U.S. users’ digital assets will also be stored in Binance.US wallets.
The 24-hour trading volume of major cryptocurrency exchange Binance’s futures markets has exceeded $150 million denominated in USDT.