Binance.US Exchange to Launch in the Coming Weeks with Mandatory KYC 

Libra Coin News
Fri, 09/06/2019 - 18:08
Alex Dovbnya
Binance is moving forward with the rollout of its US-based division
Cover image via www.freepik.com

There is finally some clarity about the launch of Binance’s US-based division. According to a recent blog post that was penned by the exchange’s CEO Catherine Coley, the exchange will go live in a couple of weeks.

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All users will be required to complete their KYC in order to start trading on the platform. This is a major difference from the Malta-based Binance exchange that still allows trading smaller amounts of crypto without requiring identity verification. Binance.US prioritizes regulatory compliance, which is a must in the US. 

Coley also said that they are planning to launch an app in the future.

As reported by U.Today, Binance earlier revealed the list of coins that were supposed to get listed on the new exchange.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.