Binance.US emerges as the American counterpart to the globally renowned Binance, the leading cryptocurrency exchange by trading volume. This separate entity was established to comply with U.S. regulations that restricted activities on the main exchange. Despite Binance retaining ownership and intellectual property rights, BAM Trading Services autonomously manages Binance.US. Distinct variations exist between the two platforms, encompassing deposit methods, liquidity, and trading fees.
Leadership and Founders of Binance.US
Launched in September 2019, Binance.US operates under the management of BAM Trading Services. At its helm is CEO Brian Shroder, a former executive director of Ant Group Co. and Uber Technologies Inc. Shroder, holding an MBA from Harvard Business School and dual BS degrees in Accountancy and Management from Miami University, leads the platform's strategic direction.
Location of Binance.US
Headquartered in Palo Alto, California, Binance.US strategically positions itself within the tech-centric landscape of Silicon Valley.
Restricted States and Availability
Binance.US extends its services to a majority of U.S. states but is unavailable in Hawaii, Texas, New York, and Vermont due to regulatory considerations.
Supported Cryptocurrencies on Binance.US
The platform facilitates trading with 120+ cryptocurrencies and boasts over 60 trading pairs, featuring prominent digital assets such as BTC, ETH, ADA, BCH, BNB, LINK, and LTC, among others.
Fee Structure of Binance.US
Distinguishing itself, Binance.US offers free Bitcoin trading, positioning itself as the sole major exchange providing this benefit in the U.S. Trading pairs fall into three tiers – "Tier 0," "Tier I," and "Tier II," with "Tier 0" pairs incurring 0% fees. Fees for "Tier I" and "Tier II" pairs are contingent on the user's VIP level, determined by their 30-day trading volume. Maker and taker fees exhibit variations based on the VIP level, with the option to receive a 25% fee discount when using BNB for payments.
Leverage and Margin Trading on Binance.US
Notably, Binance.US does not support futures trading or margin accounts, limiting users to traditional spot trading activities on the platform.