Binance.US

Binance.US is a United States–focused cryptocurrency trading platform that offers spot trading, staking, and related digital asset services to U.S. residents. Launched in 2019 and operated by BAM Trading Services, the platform was created to provide a compliant alternative to the global Binance exchange for the U.S. market, with an emphasis on regulatory alignment, U.S.-based custody, and a streamlined interface for retail and institutional users.

Overview

Binance.US positions itself as a low-fee, high-liquidity venue for buying, selling, and holding digital assets in the United States. The platform supports trading pairs centered on major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and BNB, alongside a curated list of altcoins. In addition to spot trading, Binance.US offers staking on a selection of proof-of-stake networks, presenting itself as a way for users to earn on-chain rewards while maintaining exposure to supported assets.

From a business model perspective, Binance.US generates revenue primarily through trading fees, spreads, and staking-related services. It markets itself as an “America’s home for digital asset trading,” focusing on low fees, a relatively broad asset list, and an experience tailored to U.S. regulatory and banking infrastructure.

History and Background

Binance.US went live in September 2019 after U.S. regulators made it increasingly difficult for the global Binance exchange, profiled separately in the Binance company listing, to serve U.S.-based customers directly. To continue addressing demand in the United States while aligning with local rules, Binance’s technology stack – including matching engine and wallet infrastructure – was licensed to BAM Trading Services, which operates Binance.US as a distinct legal entity.

Headquartered in Florida, Binance.US has described its mission as providing secure, reliable access to digital asset markets for U.S. consumers and institutions. Over time, the platform has expanded its asset coverage, launched a mobile application, and introduced features such as recurring purchases and staking, while periodically adjusting product availability in response to market conditions and regulatory guidance.

Regulatory Context and Relationship to Binance

Binance.US was created as a U.S.-regulated counterpart to the global Binance exchange but is operated separately by BAM Trading Services. Public statements and court filings have emphasized corporate and operational separation, including controls over wallet keys and infrastructure access. Nonetheless, regulators have scrutinized both entities, particularly around questions of ultimate control, compliance procedures, and the listing of certain digital asset securities.

In June 2023, the U.S. Securities and Exchange Commission (SEC) filed a civil enforcement action against Binance entities, including Binance.US operator BAM Trading Services, alleging unregistered securities offerings and other violations. The case led to interim agreements tightening controls around custody, compliance, and oversight. By 2024 and into 2025, the litigation was stayed and then voluntarily dismissed with prejudice, effectively ending that particular SEC action. During the period of regulatory uncertainty, Binance.US significantly limited and, in some phases, suspended USD deposit and withdrawal services, later working to restore full U.S. dollar functionality as banking relationships stabilized.

Use Cases and Market Position

Binance.US primarily targets U.S.-domiciled retail users who seek a low-fee venue for trading and staking digital assets without using offshore exchanges. It also serves smaller institutional and professional participants that require U.S.-based custody and regulatory alignment as part of internal compliance policies. Typical use cases include first-time crypto purchases with USD, ongoing dollar-cost averaging strategies, active spot trading in larger-cap coins, and on-platform staking for users who prefer a custodial solution over self-managed validators or wallets.

Within CryptoSlate’s exchange landscape, Binance.US is positioned as a regional counterpart to the global Binance brand—leveraging similar technology and branding while operating within a more constrained regulatory perimeter. Its relative strengths include fee competitiveness and staking breadth; its constraints include narrower product scope than some offshore exchanges and a dependence on U.S. banking and licensing frameworks.

Risks and Considerations

As a centralized, custodial platform, Binance.US concentrates certain risks for its users. Customers rely on the company’s internal controls, security measures, and legal and regulatory standing when depositing funds and engaging in trading or staking. While the platform promotes U.S.-based storage and security practices, users remain exposed to potential cybersecurity incidents, operational disruptions, or adverse regulatory developments.

The platform’s history illustrates how regulatory actions can affect service availability, particularly for fiat channels and specific assets. Changes in U.S. law or enforcement priorities could lead to delistings, product restrictions, or further structural changes in how Binance.US operates. Prospective users and institutional clients typically weigh these factors against the platform’s fee structure, asset support, and feature set when deciding whether to use Binance.US versus alternative U.S. or global exchanges.