Binance.US

Table of Contents

Introduction

Binance US is a US-based cryptocurrency exchange that was launched in September 2019 as a separate entity from its parent company, Binance. Due to legal constraints, US-based cryptocurrency traders were previously unable to access Binance's worldwide exchange.

Company Stats

Foundation date	September 2019
Headquarter	California, USA
CEO	Brian Shroder
Trading volume	$742 million

Technology

Binance offers a limited selection of digital assets to buy, sell, and trade, and is not available in every U.S. state. Despite these limitations, Binance.US allows users to buy, sell, trade, convert and stake over 120 popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA).

Users can access the platform via an online dashboard or the exchange’s mobile apps, available for iOS and Android. One of the most attractive features of Binance.US is its low trading fees, with zero-fee Bitcoin (BTC) spot trading available for all traders, with no minimum trading volume requirements. Maker/taker fees range from 0% to 0.01%, and instant buy fees are 0.50%. Users who hold BNC also get a 0.25% trading fee discount.

The platform offers industry-standard security features and requires identity verification to prevent fraud and illegal activities. Users must set up multi-factor authentication and can whitelist crypto wallet addresses.The online dashboard and mobile apps allow users to manage their accounts, view balances, purchase history, deposit and withdraw funds, and buy, sell, and trade crypto.

Management Team

BAM Trading Services manages the Binance.US exchange. The company is independent and led by CEO Brian Shroder, who previously worked as an executive director for Ant Group Co. and Uber Technologies Inc. Shroder holds an MBA from Harvard Business School, as well as dual BS degrees in Accountancy and Management from Miami University.

Investments

On March 25th, 2021, Binance.US made a Series A investment in Custodia Bank, which was valued at $37M. Additionally, Binance.US acquired Voyager on December 19th, 2022, for a purchase price of $1B.