Binance U.S. to launch on Wednesday; barring 13 states
September 17, 2019, 12:37PM EDT
1 min read
Binance U.S., the long-awaited cryptocurrency exchange, will begin accepting account registrations on Wednesday. At launch, the exchange will prohibit access to residents in 13 U.S. states including New York, Texas, and Florida. In a statement, Catherine Coley, CEO of Binance U.S., said that "although it is upsetting that we cannot offer Binance.US in the states where I grew up and earned my education at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home."
Binance U.S users will initially only be allowed to buy tokens via ACH or wire transfers. The exchange, however, is exploring other payment options "based on the demand of our users." In regards to whether the exchange would provide insurance for its users, Binance U.S. states that "We prioritize customer protection and have measures dedicated to protecting customers from theft and hacking."
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.