Following in the footsteps of Bitfinex and BitMex, the 15% of traffic to Binance currently originating from the U.S. will be shut down by the end of the summer.
The news comes two weeks after the main client of Binance DEX also announced it would start geo-blocking U.S. customers and 28 other countries in July. Bittrex announced last week they would be geo-fencing 32 cryptocurrencies from the U.S. clients, following the same move by Poloniex a couple of weeks ago. Binance follows Bitfinex and BitMEX, which both started blocking U.S. customers in late 2017 as a result of the challenging regulatory climate. Huobi then started licensing its technology and brand to a U.S.-based company HBUS (later rebranded to Huobi), similar to Binance’s current plans for the US, having partnered with BAM Trading Services Inc – an unknown money services business listed in San Francisco.