Back in June, Binance tipped off the world to the fact that the crypto industry would soon be put under a microscope by United States financial regulators when they revealed that they would soon be barring US-based investors from using its flagship platform in favor of a US-centric exchange in partnership with an unnamed FinCEN-registered third-party.
The announcement was abrupt, and the calculated crypto brand appeared to be underprepared, scrambling to put together an alternative for US investors who make up the lion’s share of the crypto market.
The sudden change and fear that funds could be lost, investor began to panic. A user-generated list was circulating around the internet, giving some investors hope as to which altcoins might make it to the US version of Binance.
Now, Binance themselves have revealed the list of which assets they’re “evaluating,” stopping short of any sort of commitment to list any of the coins on the list.
“ADA, ATOM, BAT, BCHABC, BNB, BTC, DASH, EOS, ETC, ETH, HOT, IOTA, LINK, LOOM, LTC, MANA, NANO, NEO, PAX, REP, RVN, TUSD, USDC, USDT, VET, WAVES, XLM, XRP, ZIL, ZRX,” are all included in the list.
Could Bitcoin and Ethereum Be Banned from Binance US?
Binance says they, like Coinbase and other industry giants, have rolled out what they call Digital Asset Risk Assessment Framework that helps them sift through the thousands of coins on the market, and classify them as either “bona fide blockchain projects with a real chance of making the world more efficient,” or as the crypto community affectionally calls them, “shitcoins.”
Oddly, two crypto tokens the furthest away from being labeled as “shitcoins” – Bitcoin and Ethereum – are included as assets that Binance is evaluating, suggesting the two most dominant crypto tokens aren’t a shoo-in for exchange listing as most would think.
Binance says it will only ultimately accept assets that “comply with applicable legal requirements,” which according to US law should make Bitcoin and Ethereum as good as guaranteed.