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Cryptocurrency exchange Binance has announced that it will open account registrations and deposits for its U.S. arm on September 18.
The plans to launch trading services for users in the United States were first revealed by the exchange in June this year when it revealed its partnership with BAM Trading Services. It said at the time that it will license its matching engine and wallet technologies to BAM to launch Binance.US.
The U.S.-based arm is now set to launch and will begin onboarding customers next week. According to an online post, customers will be able to select the tier of verification required for their desired withdrawal limits. Once verified, they will be able to make deposits across the initial selection of digital assets, which includes bitcoin (BTC), ethereum (ETH), XRP, bitcoin cash (BCH), Litecoin (LTC), and USDT.
“This kicks off our first phase as we gradually roll out access to our digital asset marketplace across America,” Binance said, adding that it will issue an update regarding the launch of trading on Binance.US.
Once launched, Binance said it will continue to add support for more digital assets available for verified users to deposit and eventually trade on the platform.
“Trading availability of the digital assets we’re exploring will be based on our Digital Asset Risk Assessment Framework,” it said.
CoinDesk reported that the services of the U.S.-based exchange will not be available in New York due to the ‘BitLicense’ regulatory requirement.
