Binance’s United States-based branch Binance.US will be launched in the following weeks. The launch will also be preceded by a Know Your Customer (KYC) registration that will be open a few days before the scheduled launch.
Last week in a Medium post, Binance shed a bit of light on the KYC registration and its importance. It was explained that in order to trade on, the account would need a valid government-issued ID (users have the choice between a driver’s license or a passport) and a valid social security number (SSN).
The marketplace will also be available in most US states. Binance is currently working on finalizing the list of states where the service will become available and the list will be released before the registration process becomes available.
Binance US will be available really soon
Binance also shared that US branch will be launched before the end of the year. The announcement will come in advance and users will have enough time to verify their accounts and begin to safely deposit funds.
After the KYC onboarding process is finished, clients will be able to immediately begin depositing cryptocurrencies. There will also be desktop access for the initial launch and an app version will be available in the near future.
Binance seems to be on a tear recently despite bitcoin’s current issues with passing over the $11K barrier. Just a little over a month ago, Binance revealed its plans to list Cocos-BCX’s native token. This is an incredibly important move because Cocos-BCX, is one of the few products to ever be listed on Binance without receiving a single dollar in public funding.
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