September 9, 2019 – Cryptocurrency exchange Binance announces that US-based website Binance.us is coming soon and it is currently informing the public on what to expect if they will be trading in this US-based marketplace.
First of all, KYC is required for users trading in Binance US. A valid government ID and social security number will be needed before registering. KYC onboarding will be live “a few days before live trading begins,” said Binance in their Medium post. Users can begin depositing cryptocurrency once the KYC onboarding is complete.
Furthermore, during the initial launch, Binance will provide desktop/mobile web access but promises an app version in the future. Notably, the mobile app is available in other countries and recently got back in the Apple App Store.
Last month, Binance US said it adopted a “Digital Asset Risk Assessment Framework” to select bonafide projects that will get listed on the platform. Most important is whether the candidate blockchain project can affect the exchange’s ability to comply with legal requirements including US AML laws and their implementing regulations. The tokens announced for listing are the following:
Binance US is expected to launch in the coming weeks.
This article is first published on BitPinas: Binance US Launching Soon