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Despite these drawbacks, the U.S platform’s low trading fees, trading tools, educational resources, trading volume still make it a valuable option for some traders. It offers just 64 available cryptocurrencies and is unavailable to Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont.
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It is essential to know that Binance U.S has its headquarters in California.īinance platform has hundreds of cryptocurrencies, but its U.S partner platform is a bit limited. Treasury Financial Crimes Enforcement Network (FinCEN)-registered company, to launch Binance U.S. Immediately after, the company stated its partnership with BAM Trading Services, a U.S. Due to regulatory concerns, the company’s access to the U.S was restricted in 2019. The government banned US users from the global exchange on the grounds that the regulators were not satisfied with its performance. Binance jumped into the crypto world as it dominated the mania of 2017 year – becoming the world’s most important exchange. The firm quickly grew by generating 220,000 registered customers. The company raised $25 million at its initial public offering last week. Binance mainly uses cryptocurrencies to create and sell crypto-related exchanges. Binance is the largest cryptocurrency exchange that began in China before shifting its offices from the crypto-savvy island of Malta to the UK.
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A financial software developer, known as Changpeng Zhao, launched the global Binance cryptocurrency exchange platform in 2017.