Post
Topic
Board Trading Discussion
Re: Are USA traders saying sayonara to Binance? (The Exodus Is Here?)
by
exstasie
on 25/07/2019, 06:39:09 UTC
They have until September, they still have a lot of time until September.

Binance to Open US-Based Division With FinCEN Approved Partner

That link is to some site that is not related to Binance. Where is the announcement directly from Binance? I looked at the Binance Announcements page (with literally hundreds of their announcements) and did not find anything about blocking US users or any changes coming.

Binance changed its terms and announced it here but they didn't explicitly mention US persons in the announcement. In fact, the language referenced in all the news articles ("Binance is unable to provide services to any U.S. person") no longer appears in their terms. Weird!

Anyway I'm sure they've done their best to implement the change quietly to prevent a panicked exit of American liquidity, which I suspect is a very significant portion of Binance's total liquidity. They want a slow, orderly exit and presumably they also want some of those traders back trading through VPN.