Binance.US to Open Account Registration for the Residents of Puerto Rico
October 1, 2019
Binance.US to Open Account Registration for the Residents of Puerto Rico
October 1, 2019

The United States-based branch of major cryptocurrency exchange Binance, Binance.US, has opened account registration and verification services for the residents of Puerto Rico.

On September 30, an official announcement has been published that the residents of Puerto Rico have the same levels of access as the residents of the United States from those states already permitted to use the platform.

The launch of Binance.US

It has been reported that on September 24, Binance.US went live offering 13 fiat-to-crypto and crypto-to-crypto trading pairs. These include major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and the Tether (USDT) stablecoin.

Changpeng Zhao, CEO of Binance

Just like its U.S. state launch, Binance.US is offering Puerto Rican users zero trading fees until November 1.

However, ‘Know Your Customer’ measures imposed that all users of Binance.US are required to provide a valid government ID and their Social Security number to complete the account registration. 

It has also been reported that crypto traders who live in the U.S. lost their trading options for multiple altcoins when Binance withdrew services for them ahead of launching its U.S.-dedicated platform.

ALSO READ :  Binance Launches Peer-To-Peer Merchant Program

Recent Binance extensions

Recently, Binance has listed Tezos (XTZ), the 18th-biggest cryptocurrency by market capitalization, on its flagship platform, enabling three new trading pairs with BTC, BNB, and USDT.

Thus, on September 19, Binance confirmed its plans to launch its over-the-counter trading platform for Chinese yuan in October.


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.