Crypto exchange Binance blocks US users from trading

The world’s biggest crypto exchange Binance is now reviewing user accounts to see that they follow the exchange’s user agreement.

“Some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s terms of use. Binance regrettably cannot continue to serve users who are found to have violated the terms of use”, according to a post on the exchange’s site.

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Blocks Americans

In addition, the user agreement for the Malta-based crypto exchange has been updated. It now appears that in 90 days, American users will no longer be able to use Binance.

“Binance is unable to provide services to any US person”, it now says in the user agreement.

The news comes just one day after Binance announced their intention to launch a version of its crypto exchange on the US market, something Coindesk previously has reported.

Previously, Binance has had 15 different countries and six US states on a list of regions whose residents may not trade on the crypto exchange.

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