Binance.US Adds Support For BTC, XRP, ETH, And More Coins
Binance has been recently in the news after it’s been revealed that Binance US is launching soon.
It’s been reported that this new exchange will have strict KYC requirements for users.
“KYC will be required for trading on Binance.US. Setting up a new account will require a valid government ID (driver’s license or passport) and social security number (SSN) to register for access to the Binance.US marketplace, available in most US states,” Binance wrote a while ago.
It was also reported that Monero is not a coin that has been considered for listing on this new exchange.
Binance.US reveals six cryptos that will be listed from the very beginning
Binance.US has unveiled which digital assets will be supported exactly on the day of the platform’s launch.
The platform will be launched during the next week and the Daily Hodl online publication revealed that according to a new blog post, the new US-based exchange would begin accepting registrations next Wednesday.
From the beginning, six cryptocurrencies will be supported and these include the following:
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Tether (USDT)
According to Binance, more coins will be added to the platform.
They just have to make sure that all the coins that will get added are compliant with the US regulations.
“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,” according to official notes.
The announcement also says: “Trading availability of the digital assets we’re exploring will be based on our Digital Asset Risk Assessment Framework.”
Binance didn’t unveil when trading would be live on the platform, but it’sd important to note that US residents are no longer be able to trade on Binance.com as of September 12th.