Binance Stops US Trading 2019/09/12, Will Open US-friendly Exchange, but You Can Keep Your Wallet

In 90 days, on 2019/09/12, Binance will cut off trading for US customers. You can keep your coins on Binance, but can’t deposit or trade after the cutoff.

Meanwhile, Binance will open a US-friendly exchange with crypto-to-fiat trading for US customers (this will give US customers access to Binance liquidity on pairs that can be traded in the US).

In short, Binance is geofencing the US in the same way Bittrex and Poloniex have been and other exchanges already do.

The sad reality here is that there is likely to be a number of coins that US users can’t trade on any major exchange by the end of the year. For now we still have some DEXs and other exchanges to use, but the list is getting smaller and smaller.

Read the official announcement from Binance here and read about the US-based Binance exchange on the official post for that titled “Binance Announces Partnership with BAM to Launch US Exchange.”

After 90 days, effective on 2019/09/12, users who are not in accordance with Binance’s Terms of Use will continue to have access to their wallets and funds, but will no longer be able to trade or deposit on Binance.com.

“We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America,” said CZ (Changpeng Zhao), CEO of Binance. “Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.”