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Binance U.S. to launch on Wednesday; barring 13 states

Steven Zheng

Binance U.S., the long-awaited cryptocurrency exchange, will begin accepting account registrations on Wednesday. At launch, the exchange will prohibit access to residents in 13 U.S. states including New York, Texas, and Florida. In a statement, Catherine Coley, CEO of Binance U.S., said that "although it is upsetting that we cannot offer Binance.US in the states where I grew up and earned my education at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home."

Binance U.S users will initially only be allowed to buy tokens via ACH or wire transfers. The exchange, however, is exploring other payment options "based on the demand of our users." In regards to whether the exchange would provide insurance for its users, Binance U.S. states that "We prioritize customer protection and have measures dedicated to protecting customers from theft and hacking."