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Friday, September 18, 2020

Binance.US launches regulation-compliant services in Georgia, USA

Residents in the US state of Georgia can now register on the Binance.US cryptocurrency exchange which will function under the state’s regulatory requirements, according to a company announcement published today. 

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This move comes after the exchange announced launch of its trading services in Alabama, yesterday. Currently, Binance operates in 40 U.S states that now include  Georgia and Alabama.  Binance.US’ CEO, Catherine Coley said that the addition of these new states would allow more Americans to participate in their digital financial future. Coley further added:

We’re thrilled to bring Binance.US to two new states…Alabama and Georgia are key states on our way to being regulatory compliant across the U.S. I’m excited to hear from new users on their trading needs and preferences as we work to become the best crypto exchange in America.

The release further stated that the exchange’s goal was to bring about more understanding to cryptocurrencies amongst users in these states who could benefit from new options for cryptocurrency traders in each state. The release also shared a beginner’s guide to cryptocurrency trading which included the submission of identity and address verification documents. 

While Binance.US is aiming to get new users to adopt cryptocurrency, it will have to face competition with other crypto exchanges that are already operating in the U.S state of Georgia. Some of the crypto exchanges currently operating in Georgia are Coinbase, Coinbase Pro, Kraken, Coinmama, and Gemini. 

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