One of the largest international cryptocurrency exchanges Binance again opens the door for American traders. The Binance.US division will begin work in the coming weeks, according to the trading platform. A little earlier, they will begin registration with the passage of the KYC procedure (know your client). This is done so that users get time to verify their accounts and make deposits.
To successfully complete the registration process, users will need to provide a valid government document, such as a driver’s license or passport, as well as a social security number. So far, there is no exact list of states where Binance.US will be allowed to work, but it will be submitted by the time users start registration.
As you know, US citizens have lost the opportunity to work on the global Binance exchange, since in September the site introduced restrictions for users from this country.
In March 2018, due to the demands of the Hong Kong authorities and the increasing regulation of the cryptocurrency market, the Binance management, whose number of users was approaching 8 million, decided to change the jurisdiction to Malta.