US Residents Will Lose Access to Many Altcoins on Binance Starting in September

Crypto enthusiasts living in the United States will have no trading options for a many cryptocurrencies when the major crypto exchange Binance becomes unavailable for them in September, according to a report by CryptoPotato on June 14.

The report draws this conclusion based on the following table, which shows which cryptocurrencies will still available for U.S.-based traders after Binance discontinues its U.S. service:

US Residents Will Lose Access to Many Altcoins on Binance Starting in September

Former Binance options in the U.S. on other crypto exchanges. Source: Goomba’s Twitter

The foregoing exchanges listed are Coinbase, Bittrex, Poloniex, Kraken, HuobiUS, and eToro.

The report also highlights that, in addition to the cryptocurrencies with no trading outlet in the U.S.—the all-white rows—there are also a number of tokens listed on only one exchange after Binance drops off, including ARK, BTT, IOTA, PIVX, and ZIL.

These “endangered” exchange tokens, as well as the (temporarily) extinct tokens, will likely witness a large drop in volume, according to the report.

However, veteran cryptocurrencies such as XRP, DASH, XLM, ETC, ZRX, and ZEN should survive Binance’s departure with little issue, since they are listed on four or more of the aforementioned exchanges.

As recently reported by Cointelegraph, Binance updated its terms of use on June 14 to exclude trading on the platform in the U.S., which comes shortly after its announcement of a U.S.-exclusive fiat-to-crypto exchange.

Binance CEO Changpeng Zhao (CZ) remarked on the recent changes, implying that the restructuring will be useful in the long run:

“Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain.”

9  Comments Add a comment…

  • US Residents Will Lose Access to Many Altcoins on Binance Starting in September Michael Wilterdink  

    PIVX is listed on Bittrex..

    Reply

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  • US Residents Will Lose Access to Many Altcoins on Binance Starting in September SyndicatedTalk  

    The restructuring of course will be helpful in the long run. It’s still however arrogant for those who are actually proponents of one coin or another to be involved in this conversation.

    Reply

  • US Residents Will Lose Access to Many Altcoins on Binance Starting in September John Ryan  

    Either bow to US tyranny or move your coins to safe place and risk you will never be able to liberate them unless you move.

    Reply

  • US Residents Will Lose Access to Many Altcoins on Binance Starting in September Oldrich Kosacka  

    NANO is listed on Kucoin

    Reply

  • US Residents Will Lose Access to Many Altcoins on Binance Starting in September Thomas Gorchs  

    Screwed once again for living in the USSA…. The exits are starting to close and the Wall (to keep is all in) should be completed just in time for the globalist collapse agenda to take place as planned…

    Reply

  • US Residents Will Lose Access to Many Altcoins on Binance Starting in September Kevin McCarthy  

    What if i use a VPN so it appears I am from a foreign country?

    Reply

  • US Residents Will Lose Access to Many Altcoins on Binance Starting in September Todd Bullock  

    I am absolutely irate that binance would kick 40 million customers to the curb for fear of regulatory compliance. i think all U.S. customers should boycott the U.S. based Binance and should move thier trading to coinbase screw Binance!!!!!

    Reply

  • Francis H Erdman III  

    Political b.s. – UK-based Binance hates President Trump and this is the only reason. F*** Binance – I moved my position off there to another exchange, and good widdance to bad wubbish, to channel Elmer Fudd.

    Reply

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