The United States-based branch of cryptocurrency exchange Binance, “Binance.US,” opened account registration and verification services for residents of Puerto Rico.
The United States-based branch of major cryptocurrency exchange Binance, “Binance.US,” opened account registration and verification services for residents of Puerto Rico.
According to an official announcement published on Sept. 30, Puerto Rico residents have the same levels of access as U.S. residents from those states already permitted to use the platform.
The launch of Binance.US
As reported, Binance.US went live on Sept. 24, 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.
Just as with its U.S. state launch, Binance.US is offering Puerto Rican users zero trading fees until Nov. 1.
Know Your Customer measures stipulate that all users of Binance.US are required to provide a valid government ID and their social security number to complete the account registration.
As reported last fall, crypto traders living in the U.S. lost trading options for multiple altcoins when Binance withdrew services for them ahead of launching its U.S.-dedicated platform.
Recent Binance developments
Binance has recently listed Tezos (XTZ), the 18th top cryptocurrency by market capitalization, on its flagship platform, enabling three new trading pairs with BTC, BNB and USDT.
On Sept. 19, Binance confirmed its plans to launch its over-the-counter trading platform for Chinese yuan in October.
