According to its blog announcement made on Sept. 11, users will be able to register on Binance.US, as well as make deposits in Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), and Tether (USDT).
Binance.US CEO Catherine Coley said that after registrations will be opened, users will be able to create an account and choose the level of verification required for the withdrawal limits they want.
“During this initial registration phase, you will be able to sign up for a Binance.US account and select the tier of verification required to achieve your desired withdrawal limits. Once verified, you will be able to make deposits across the initial selection of digital assets. Shortly after registration opens, we will provide an update detailing when trading will go live for specific pairs.”
She went on to say:
“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. Trading availability of the digital assets we’re exploring will be based on our Digital Asset Risk Assessment Framework.”
The exchange will provide additional announcements when more crypto pairs will be available for trading on the platform. Binance recommends that users have their accounts verified in this initial phase, as they will be able to trade as soon as the service is available.
Changpeng Zhao revealed that the U.S.-based platform’s operations will be led by BAM Trading Services, a money services company based in California. While Binance is a very prominent name in the crypto and finance scene, little information is known about the BAM company.