CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$22,971.00
  • ethereum
    ETH$1,637.93
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Binance Prepares To Shut The Door On U.S Traders; BNB Drops 7%

    Binance Prepares To Shut The Door On U.S Traders; BNB Drops 7%

    Author: Mandy Williams

    Last Updated Nov 25, 2019 @ 14:21

    If you’re a U.S crypto holder using Binance.com, then the exchange has some bad news and good news for you.

    Binance Cutting Out Trading For US Customers… Or Does It?

    According to an update made to Binance’sTerms of Use page today, the exchange will no longer allow access to U.S customers in 90 days or specifically, Sept 12, 2019. On that date, affected users will “continue to have access to their wallets and funds, but will no longer be able to trade or deposit on Binance.com.”

    The good news though is that Binance is preparing to launch Binance US, a subsidiary focused on serving the U.S crypto community with full regulatory compliance.

    #Binance Announces Partnership with @BAM_Trading to Launch US Exchange (@BinanceAmerica)http://t.co/F6uQE6aUsA

    — Binance (@binance) June 14, 2019

    In an announcement regarding the upcoming exchange, Binance CEO, Changpeng Zhao revealed that Binance US will boast the same speed and liquidity as Binance.com, but will only differ from the latter because the new platform will be operated by a company they partnered with, Bam Trading Inc.

    Binance US already has a new Twitter account and is set to open in the coming weeks or at least before Binance.com shuts to U.S traders.

    To be clear, the move by Binance is strongly linked with the unclear rules guiding the use and issuance of cryptocurrencies in the U.S. Some of the exchange’s hot-selling products such as Binance Launchpad and DEX not accessible to U.S natives for the same reasons.

    Binance Coin Drops Over 7%

    Following the news that Binance.com is shutting its door to U.S customers and almost at the same time launching a U.S subsidiary, the value of the  BNB recorded a slight loss on the day, though the top ten cryptocurrencies are in a mixed state.

    Binance Coin (BNB) has started the day at $35 but dropped by 7.8% in the hours leading up to the time of writing, to record a value of $32.71. With the U.S market yet to fully wake to the news, the coin could see significant sideways price movement in the coming hours.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    Tags: Binance Binance Coin Binance Coin (BNB) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Mandy Williams
    More posts by this author

    Mandy Williams is a full-time reporter at CryptoPotato. She joined the cryptocurrency space in early 2017 during her search for financial freedom and has remained devoted to the industry.
    Contact Mandy: Twitter

  • bitcoin
    BTC$22,971.00
  • ethereum
    ETH$1,637.93
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!