Binance, the largest cryptocurrency exchange will start user account applications for its new US-based branch on Wednesday, September 18 at 08:00 according to Easter Time. The application processing for participating traders will be started early to facilitate the live launch of trading.
The announcement came out via US medium portal of Binance and by Catherin Coley, the CEO of Binance.US. The company is also anticipated to allow depositing funds for different virtual currencies like Bitcoin, Ethereum, Bitcoin Cash, XRP & Litecoin.
During this initial registration phase, you will be able to sign up for a Binance.US account and select the tier of verification required to achieve your desired withdrawal limits. Once verified, you will be able to make deposits across the initial selection of digital assets. Shortly after registration opens, we will provide an update detailing when trading will go live for specific pairs.”
The announcement was released via Binance.US’s Twitter handle, that went as,
According to the official launch, the first phase of registration will let users sign up & choose the verification tier according to their desired withdrawal limits.
The exact day and date for the beginning of the live session of trading still has to be communicated and will likely take place after the registration process. All accounts verified will get the digital asset marketplace access right after the start of the live trading.
Changpeng Zhao, the CEO of Binance, said that U.S.-based platform’s operations would be headed by the company, BAM Trading Services, which is a money servicing company based out of California. Given the news that BAM will be heading one of the most coveted cryptocurrency exchange to start its execution in the markets of the U.S., not much is known regarding this firm or its operations.
Binance.US was launched earlier this year in San Francisco. With main headquarters in Malta, Binance is available physically at locations in Hong Kong, Singapore, Jersey, and Uganda.
Binance restrained U.S. users earlier this year after the bedlam and skepticism of the regulatory authorities. Right before the suspension of the U.S. came through, a collaboration with BAM Trading Services was laid out.
New York will remain devoid of the services of new U.S. exchange because of the ‘BitLicense’ necessity for regulations. Last reported in August, Binance hasn’t yet registered for the license.
Binance.US had not yet replied to a request for a response.