![]() One of the reasons for the split had to do with the parent company facing an investigation by the U.S. If you’re interested in investing in crypto, Binance.US’s platform should offer most, if not all, of what you’re looking for.īinance.US split from its parent company Binance in 2019. Crypto is highly speculative and subject to volatility on the slightest bit of news. Regardless of what platform you use, remember that buying cryptocurrencies generally comes with a big buyer beware. edition of Binance offers fewer cryptos than its parent company supports in other geographical locales, and its educational resources are not as impressive. For users based within the company’s jurisdictions, this easy-to-use platform offers an excellent option among the world’s many crypto exchanges. ![]() In fact, some Bitcoin (BTC) pairs can be traded at no fee whatsoever. In addition, Binance.US carries high-security rankings as well as ultra-low fees. Staking is the ability to earn passive income on cryptocurrencies by using them as collateral to help facilitate building the coin’s blockchain.īinance.US is ranked among the top exchanges for staking in Forbes Advisor’s best staking platforms. Although this isn’t as many cryptocurrencies as parent company Binance offers international users, it should cover most cryptos an individual may be looking to trade.īinance.US also allows staking of 19 different cryptos, including Ethereum, Cardano (ADA), Polkadot (DOT), Polygon (MATIC), Solana (SOL) and The Graph (GRT), advertising yields as great as 12.5% annual percentage yield (APY). What Makes Binance.US a Good Choiceīinance.US offers more than 130 cryptos. It’s important to note that this crypto exchange is not available to residents of Hawaii, New York, Texas and Vermont.ĭespite these limitations, Binance.US remains one of the top 10 crypto exchanges in the world, according to crypto industry ranker. Its rock-bottom fees and extensive array of cryptos make it appealing to traders of all stripes.īinance.US is available to many, albeit not all, U.S. Meanwhile, crypto firms operating within the country must register with the DNB and strictly adhere to anti-money laundering and know-your-customer processes.Īccording to DNB’s public register, there are over 30 registered crypto service providers in operating in the Netherlands, including Coinbase, OKCoin Europe, eToro (Europe) Limited, and several other local firms.Binance is one of the world’s most widely used crypto exchanges-and for good reason. Geest added that they do not think crypto is “good news” because it is “difficult to fathom, vulnerable to deception, fraud, and manipulation.” The Dutch Authority for Financial Markets (AFM) chairman, Laura van Geest, previously stated that the country would ensure strict implementation of the EU’s Markets in Crypto Assets regulation (MiCA). Like most European countries, the Netherlands has adopted strict measures toward regulating the crypto industry. ![]() In 2022, DNB fined Binance €3.3 million for offering unlicensed crypto services to the country’s residents. The exchange added that it “will continue striving to obtain authorizations to provide our products and services to users in the Netherlands.” On June 16, Binance pulled out of the Dutch market after its inability to register as a VASP with the authorities.īinance stated that the company’s application was unsuccessful in the Netherlands despite its compliance with EU standards in other countries, like France, Italy, Spain, Poland, Sweden, and Lithuania. Netherland is still pretty progressive all things considered.” Binance failed VASP registration They should provide decent access for crypto, we hope. There are 50 simpler local VASP license holders. The original poster suggested that the regulator was “cherry picking” as it is “hard to believe that only Dutch companies are able to deliver what the DNB is asking for.” Binance CEO Changpeng ‘CZ’ Zhao said Netherlands’ posture towards crypto remains “pretty progressive” despite his exchange’s failed registration as a virtual asset service provider (VASP), according to a June 19 tweet.ĬZ’s statement was in response to a user who criticized Netherlands’ Central Bank, De Nederlandsche Bank (DNB), for refusing to grant foreign entities licenses to operate in the country.
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