Binance Supported Countries: Is US & Canada included?
Jack Moreau
May 2023
Fact checked
Binance is one of the largest cryptocurrency exchanges in the world, offering a wide range of trading pairs and services. However, not all countries are supported by Binance due to regulatory and legal constraints. In this article, we will outline the countries that are supported and prohibited by Binance.
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Binance Supported Countries
Binance is available in over 100 countries worldwide, making it one of the most widely accessible exchanges out there. Some of the countries that Binance supports include the United States (via Binance US) and 19 countries in Europe including France, Italy, Poland, Turkey and Spain.
Binance supported countries Europe
Binance is also available in South American countries such as Brazil, Chile, Colombia and Mexico. In terms of users, Binance boasts a staggering 120 million registered users, making it one of the largest exchanges in the world.
Binance Restricted & Banned countries
Binance is a cryptocurrency exchange platform that is available to users from most countries around the world. However, there are some countries that are either banned or restricted from using Binance.
The banned countries include OFAC countries such as North Korea and Iran, while countries that are restricted from using Binance include the United States, China, Canada, and Japan, among others.
Binance exchange
Users from these countries may still be able to access Binance through the use of a VPN or other means, but they may face legal ramifications if caught doing so. Therefore, it is important for users to check their local laws and regulations before attempting to use Binance or any other cryptocurrency exchange platform.
Is Binance Regulated?
Binance is a cryptocurrency exchange that is licensed and regulated in multiple countries around the world.
As a global platform, Binance operates within the regulatory framework of each country it serves. Some of the countries where Binance is licensed and regulated include Malta, Singapore, Japan, and the Seychelles.
Binance has also obtained a number of licenses in various European jurisdictions, including:
France: Binance is registered with the Autorité des Marchés Financiers (AMF) as a Digital Asset Service Provider (DASP). Italy: Binance is registered with the Organismo degli Agenti e dei Mediatori (OAM) as a Virtual Asset Service Provider (VASP). Spain: Binance is registered with the Bank of Spain as a Virtual Currency Exchange (VCE). Cyprus: Binance is registered with the Cyprus Securities and Exchange Commission (CySEC) as a Digital Asset Service Provider (DASP). Lithuania: Binance is registered with the Bank of Lithuania as a Virtual Currency Exchange (VCE). Poland: Binance is registered with the Polish Financial Supervision Authority (KNF) as a Virtual Currency Exchange (VCE).
In each of these jurisdictions, Binance has obtained the necessary licenses and approvals to operate as a cryptocurrency exchange, ensuring compliance with local laws and regulations.
Is Binance available in the US?
While Binance is available to users in numerous countries, it is currently not available to users in the United States. However, users in the US, for example, have access to Binance.US, which is a separate entity from Binance.
Binance.US is registered with the Financial Crimes Enforcement Network (FinCEN) as a money services business and is compliant with US laws and regulations.
Can I use Binance in UK & Canada?
Users in the UK can signup and use the trading services of Binance. For Canadian citizens, Binance is unfortunately no longer available in the country. In May 2023, Binance announced that it would be withdrawing from Canada altogether, citing new guidance issued by Canadian regulators.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest crypto exchanges, wallets or DeFi applications.
