Seven days to launch
On Sept. 11, Binance announced in a blog post that Binance.US will open registration and begin accepting deposits of Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USDT).
CEO at Binance.US Catherine Coley said that following the registration opening, customers will be able to sign up for an account and select the level of verification required to achieve their desired withdrawal limits. She further added:
“This kicks off our first phase as we gradually roll out access to our digital asset marketplace across America. After trading launches for this first phase, we will be continually adding to the selection of digital assets available for verified users to deposit and eventually trade on Binance.US.”
The platform will issue further announcements when certain cryptocurrency pairs go live for trading.
Binance.US platform will be led by BAM
Changpeng Zhao, the CEO of Binance, indicated that operations of the U.S.-based platform will be led by BAM Trading Services, a California-based money services business. Despite the fact that BAM will lead the largest cryptocurrency exchange by volume to service in the U.S. market, very little is known about this company.