Binance will be opening registration and deposits for its Binance.US platform next week, the company announced in a blog post on Wednesday.
After restricting its services to individuals and corporations based in the United States earlier this year, Binance will finally be opening registration and deposits on its platform to U.S.-based customers on 18 September. After registration, customers will initially be able to deposit Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USDT). The CEO of Binance.US, Catherine Coley, said:
“This kicks off our first phase as we gradually roll out access to our digital asset marketplace across America. After trading launches for this first phase, we will be continually adding to the selection of digital assets available for verified users to deposit and eventually trade on Binance.US.”
Even though the platform will start accepting registrations and deposits on 18 September, it is still unclear when trading will become available. Binance.US will not be offering trading services in New York, as the company has yet to apply for a “BitLicense, which is a regulatory requirement in N.Y..
A California-based money services business, BAM Trading Services, will be the one leading the operations of the new trading platform, according to another blog post from the company.