This means that Texans who want to use Binance will have to find another way to do so, such as using a VPN service or traveling outside of the state.
#BINANCE US TEXAS LICENSE#
The process of obtaining an MSB license in Texas is lengthy and expensive, and it is unclear if Binance has any plans to apply for one at this time. Until Binance obtains an MSB license from the state of Texas, it will not be allowed to offer its services to residents of the state. The reason for this is that Binance has not yet been licensed by the state of Texas as a Money Services Business (MSB). Why is Binance Not Allowed in Texas?īinance, the world’s largest cryptocurrency exchange by volume, is not currently allowed to operate in Texas. In addition, Binance has also partnered with the Texas Department of Banking to offer educational resources on cryptocurrency trading to its residents. The platform has been operational in the state since 2019 and offers a wide range of digital assets to its users. With its competitive features and growing list of supported assets, Binance is poised to become a major player in the US crypto market. Now that Binance is officially open for business in Texas, residents will have access to one of the best exchanges in the space. These factors have made it a favorite among active traders looking to make quick profits in the volatile cryptocurrency markets. In addition to its large selection of assets, Binance also boasts low fees and fast trading speeds. The platform offers a wide variety of coins and tokens to trade, including many of the top altcoins such as Bitcoin Cash, Ethereum Classic, Litecoin, and more.
This is big news for the cryptocurrency community in Texas, as Binance is one of the most popular exchanges among traders. office in Austin earlier this year, and has finally opened up its platform to users in the Lone Star State. The Malta-based company announced the launch of its U.S. The United States is one of the largest markets for cryptocurrency, so this move could prove to be very beneficial for Binance.īinance, the world’s largest cryptocurrency exchange by trading volume, is now live in Texas. The launch of Binance US is a major expansion for the company and will allow them to tap into a new market. Binance offers a wide variety of features and coins to trade, making it a favorite among users. The company is based in Malta but has offices all over the globe. The move comes as a surprise to many, as Binance has been largely absent from the US market until now.īinance first burst onto the scene in 2017 and quickly became one of the most popular cryptocurrency exchanges in the world. Binance US, the American arm of the company, announced the launch on Twitter today.
#BINANCE US TEXAS HOW TO#
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