Binance U.S. to start accepting account registrations; will initially support 6 assets

Exchanges • September 11, 2019, 2:42PM EDT
UPDATED: September 11, 2019, 2:47PM EDT
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Binance U.S. will begin accepting account registrations and cryptocurrency deposits starting Sept. 18, the firm announced in a blog post on Wednesday. According to the firm, the "first phase" will support six assets: BTC, ETH, XRP, BCH, LTC, and USDT. 

During the initial registration phase, Binance U.S. users can select the verification tier based on their desired withdrawal limits. After its initial launch phase, Binance U.S. will begin accepting other assets on its platform. Earlier this month, Binance U.S. released guidelines which stated that the exchange would require its users to go through a KYC process by uploading a valid government ID and their Social Security numbers.

Binance U.S. has not revealed in which states it will be launching. As reported by The Block, Binance U.S. won't initially serve New York State residents. In July, the exchange hired Catherine Coley, former head of XRP institutional liquidity at Ripple, as CEO. In August, Binance U.S. announced a list of 30 cryptocurrencies it planned on listing at launch.

AUTHOR

Steven Zheng profile picture Steven Zheng

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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