Binance legally registered at U.S, does Bitcoin will get increase?

[babysweetTiger0401]

I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

[1715198609]

1715198609

[OmegaStarScream]

The U.S never banned crypto. Binance had to block US residents from accessing their site because they didn't have any license to operate there.

[akhjob]

I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

Binance.us offers only a few coins to the US market and they need you to give your social security number for trading with them. Most users wouldn't be ready to give their social security number for trading in Binance when you can always access DEXs using Tor. So, I don't think it will affect the market much.

[Red-Apple]

at the end of the day Binance is still an altcoin exchange so no, nobody should ever care about what it does or doesn't do. the same way that the bitcoin market didn't really care when Binance was hacked and lost a lot of its users funds recently. it instead started rising despite of that and it will continue rising with or without Binance!

[yazher]

Not much affection to the market but might be useful for other traders.
At least if they want to trade at low volumes they can go there without worrying about anything.
since their need to pass their identity to be able to trade there, it is much better if they trade on Dex using TOR.

[babysweetTiger0401]

The U.S never banned crypto. Binance had to block US residents from accessing their site because they didn't have any license to operate there.

Oh I see, my mistakes thanks anyway for correcting me sir for this. Meaning, all US residence are now free to register on binance platform.
So this is a great news to all people out there who are bitcoin and crypto believers, am I right?

[Herbert2020]

The U.S never banned crypto. Binance had to block US residents from accessing their site because they didn't have any license to operate there.

Oh I see, my mistakes thanks anyway for correcting me sir for this. Meaning, all US residence are now free to register on binance platform.
So this is a great news to all people out there who are bitcoin and crypto believers, am I right?

maybe, but not that big a deal. there still is other similar options that the altcoin traders use. Binance is not really that great as you may think. they are just big, otherwise there isn't any difference between Binance, Bittrex, Cryptsy, MtGox, Poloniex,... they are all here to make the most amount of money as they can by doing the least amount of work. and they are all bad and insecure.

[dessyhodin97]

at least we can expect more investors which would help make price of bitcoin better

[cabron]

at the end of the day Binance is still an altcoin exchange so no, nobody should ever care about what it does or doesn't do. the same way that the bitcoin market didn't really care when Binance was hacked and lost a lot of its users funds recently. it instead started rising despite of that and it will continue rising with or without Binance!

Didn't they refund the money lost from that hacked?

It might not matter if its only an altcoin though like there is no stablecoin in it but it wouldn't make sense if they open the exchange with just it. They go all the troubles opening branches from Malta down there in US. I really think this will kick the price up once the market will soon open.

[mersal]

The U.S never banned crypto. Binance had to block US residents from accessing their site because they didn't have any license to operate there.

Oh I see, my mistakes thanks anyway for correcting me sir for this. Meaning, all US residence are now free to register on binance platform.
So this is a great news to all people out there who are bitcoin and crypto believers, am I right?

Binance is going to launch separate trading platform for the US citizen alone,so when it was launched people from US also can trade but I don't think it is not going to increase the adoption of bitcoin.

Bitcoin is already legal in US and they consider it as an asset and have taxation system for it as well.

[JeromeTash]

I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

Just like it did not affect the price of crypto when ban on US citizens came into effect. I don't think opening a new branch for US resident will bring in any effect too.

I am also pretty sure the new platform for US residents will also be having only assets that are legal and licensed to be traded by the US citizens so i am guessing the trade pairs won't be so much

[bitbunnny]

I don't think that will influence the Bitcoin price in any way.
It's only about the registration of company and Binance isn't such big exchange that could influence the price changes.
The reason for such decision of Binance is probably just regulation and legal framework demands so there is no reason to look for some secret meaning.

[BrewMaster]

I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

What in the wild hell gave you the idea that the US banned crypto? That's the craziest thing I've heard, our government has come out and said they are working with exchanges to make sure that they limit illegal use but that just shows they're seeing this as a here to stay thing.

most probably it is like everything else and the reason is simple: FUD.
throughout the past couple of weeks that they have been trying to manipulate the price and were trying so hard to push it below $10k once again, all kinds of crazy things were being heard all over the internet about bitcoin. US banning bitcoin FUD is not surprising really!

[phamminhtan]

I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

Yes! I think this news will have a positive impact on the price of Bitcoin at the moment, and it will also slightly increase the price of allcoins.

[Distraction]

I didn't hear a thing about US banning cryptocurrencies. It is not a true information. Instead, we can say that US has not been much a fan of cryptocurrency industry. After this event, Bitcoin doesn't seem to be much affected.

[auntyjmary]

There are many residents in USA who make use  of bitcoin. US have never banned the use of cryptocurrencies but there are strict regulations that exist in some states in the United States Of America where the use of cryptocurrencies and essentially  bitcoin is regulated by law especially when it comes to how bitcoin are traded.

[bernardos]

Are they still going to use the new Binance US site or can US citizens trade freely on the official Binance site now with the rest of the world?
I dont see the need for a separate site just for US traders especially if Binance now possesses the needed US license.

[Micerker]

I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

I have read the official announcement from Binance about banning US citizens from participating in the exchange on Binance after this weekends. Why is it accepted in the US and does this affect the decision Binance announced earlier? Any information provided on Binance's official website?

[nutella_11]

Well USA didn't ban Bitcoin,but they have a lot of restrictions. Many exchanges are available in the USA, recently I've seen that CoinDeal entered the USA market. So, cryptocurrency market in the USA has been constantly developing.
In my opinion, that's just impossible for USA to ban Bitcoin comprehensively.

[matchi2011]

Apparently, Bitcoin price isn't affected by U.S. registering Binance. I am sorry but not all positive news directly affects Bitcoin price. I wish Bitcoin set off a bull run again. It was going very good until it stopped between 13k-14k dollars.

There's a lots of factors that's needed to be added before we can feel the impact of the price if there's some that will happen, not just because we've heard good news it's will reflect right away to the entire market, though most of the investors are still hoping that with news like this addition to the adoptions will take place, from there we will see more price movements.