Leading cryptocurrency exchange Binance has begun its trading platform for its US customers. Back in the month of June, the US customers had faced issued using its service. The issue faced by the US customers was taken care of with an attempt to adhere to SEC’s stringent regulatory guidelines.
Binance US marketplace will open in North America for its customers. The post released by Binance confirmed a fast, specified, and secured digital market place. The launch will be going live for the users in the US through its website with plans for a mobile app.
Binance will operate its US exchange in partnership with Malta-based exchange, BAM Trading services. The collaboration between Malta-based exchange and Binance would require Binance to share the license of its matching engine and wallet technologies with BAM Trading services. Binance’s US-based exchange will be headed by Catherine Coley. She was also the former head of XRP Institutional Liquidity at Ripple.
Binance, the most awaited US exchange in the month of September through a medium post, has several queries associated with it. As per the Binance US exchange, it requires the user to go through the KYC process by uploading an authentic government ID and their Social Security number. Binance will also make a collection of the list of the States where it will offer the trading platform.
US Blockchain platform Binance, will not give service to its New York customers. Binance US in August declared a list of thirty cryptocurrencies which it planned to launch.