Trusted

Binance Gets Green Light to Launch in Florida

1 min
Updated by Kyle Baird
Join our Trading Community on Telegram

In Brief

  • Eligible residents of Florida can now use Binance.US to buy and sell crypto.
  • Florida became the 38th state to allow Binance.US services.
  • Florida could be a precursor to launches in other off-limits states.
  • promo

The U.S. arm of the cryptocurrency exchange giant Binance has been granted a license to launch services in the state of Florida.
Initially, Binance.US launched in 37 states and avoided those with more stringent requirements. The expansion into America’s third most populous state is enabled by Binance.US’s July obtainment of a money transmitter license. Qualifying for this license means that Binance.US is now “fully registered and regulated [as a] crypto and digital asset exchange,” and Floridians can transact in all the digital currencies that Binance.US supports. The license is good for two years and grants Binance access to what it covets most: a new market. Florida has roughly 12.3 million residents over the age of 18, and hence, offers 12.3 million potentially eligible traders. Binance Changpeng Zhao The news was announced on Twitter by Binance.US CEO Catherine Coley, herself a native Floridian. An Aug. 24 update on the Binance.US website outlined the details of the launch for Floridians in a similar tone to Coley, “We couldn’t be happier to welcome Florida residents to Binance.US!” The announcement was also met with users on social media clambering for other states. Heavily populated states like New York and Texas are still off-limits for Binance due to their licensure requirements. However, as soon as money transmitter licenses clear, announcements like these are likely to follow for the remaining Binance-less states.
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

5dd591a743bdef9b368ebf484d202a0b?s=120&d=mm&r=g
Colin Adams
Colin is a writer, researcher, and content marketer with a keen interest in the future of money. His writing has been featured in numerous cryptocurrency publications, and his holdings don't amount to more than a handful of BAT.
READ FULL BIO
Sponsored
Sponsored