Re: United States Residents Will Lose Access to Many Altcoins 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:
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 rowsthere 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.
https://cointelegraph.com/news/united-states-residents-will-lose-access-to-many-altcoins-starting-in-september
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:
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 rowsthere 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.
https://cointelegraph.com/news/united-states-residents-will-lose-access-to-many-altcoins-starting-in-september
True, this has been exercised before that some ICO does not accept US based investors that's why they ask for KYC. Now if this new will progress, then it will be a big blow in crypto world. Then again, let's just wait for the results of this news may it be good or bad we have to deal with it.