![]() ![]() There have been lawsuits against the exchange and investigations into its relationship with Binance. The main disadvantage of Binance.US is the threat of what will happen in the future, particularly the recent SEC complaints. The website is well-built, and the app is easy to use. The wide range of products offered and cryptos supported are also key perks. While the difference in fees may not be significant for many users, it is important for high-volume and active traders. The fees are among the best on the market, with zero-fee trading for bitcoin. The main drawbacks surround the murky outlook for resolving the firm’s regulatory and legal issues. will be for this U.S.-based exchange in the future.īut in reviewing the functionality and services offered by Binance.US, there’s little to criticize. ![]() For Binance.US, it is hard to say how accommodating the U.S. The regulatory environment of the crypto industry is changing, and how it plays out remains uncertain. has been clamping down on the industry to develop a regulatory framework surrounding cryptocurrency exchanges and their products and services.Īs a result, customers of Binance.US should consider the regulatory risks associated with the firm and the potential impact on its ability to offer its products and services. While the allegations have not been proven, Binance.US customers should understand that the regulatory regime in the U.S. However, other crypto-to-crypto transactions are still allowed. As a result, uncertainty remains surrounding Binance.US, particularly since U.S. The exchange has found itself embroiled in regulatory investigations over the past year. The exchange offers zero-fee trading for bitcoin, which can make a huge difference to the bottom line for high-volume and active traders.īut be aware that New York, Texas, Vermont and Hawaii residents cannot trade on the exchange. The fees are also extremely competitive, if not the best available anywhere. The SEC alleges that the staking service by Binance.US might be in violation of federal securities laws. However, the recently filed complaint by the SEC adds uncertainty to staking. Staking options are also plenty, with 16 coins available. It offers more than 150 cryptocurrencies, meaning investors are unlikely to be left wanting for choice. Not only is its website intuitive, but its mobile app is also among the best in the industry. The exchange operates in an opaque manner, and the nature of its relationship with Binance is unclearīinance.US is a strong exchange that is easy to use and has an excellent suite of products. Regulatory issues are concerning, highlighted by recent SEC comments and actions implying securities law violations Wide ranges of cryptocurrencies and features are supported and offered Not available in New York, Texas, Vermont or Hawaii users for revenue, among other allegations.įees are among the lowest on the market, even free for bitcoin The Commodity Futures Trading Commission also filed a complaint alleging that partner company Binance violated federal law to solicit U.S. dollar transactions have been suspended at Binance.US. In June, the SEC filed a complaint containing 13 charges against Binance and an emergency action restraining order to prevent funds from leaving Binance.US. In March, a Securities and Exchange Commission official said the agency staff “believes that Binance.US is operating an unregistered securities exchange in the United States.” On the downside, many legal and regulatory issues may concern consumers. It boasts low fees that are among the most competitive on the market, including zero-fee trading of bitcoin. The exchange has built up a tremendous suite of products and supported cryptocurrencies. Instead, they are pointed toward Binance.US, which is available to residents of most, but not all, U.S. Binance is the largest crypto exchange on the planet, but U.S. ![]()
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