In 2019, we launched as a fledgling spot trading exchange with support for just seven cryptocurrencies. Since then, we’ve significantly grown our product offering and crypto selection, enabling millions of customers to get the most out of their crypto experience.
Our commitment to you
Over the years, we’ve pioneered many best-in-class features as part of our commitment to being customer-first and making crypto accessible to all.
Binance.US was the first cryptocurrency platform to introduce 0% fee Bitcoin trading for all customers on our platform. This pricing model has helped save countless fees for beginners, advanced traders, and everyone in between—keeping more crypto in your wallet, where it belongs.
We've also expanded our crypto selection to 150+ cryptocurrencies, connecting customers to popular assets and exciting new projects.
Since launching our staking offering in 2022, we've distributed tens of millions in rewards to our customers, while becoming the largest on-chain staking platform in the U.S. Today, we offer staking for 20+ assets, including Ethereum (ETH), Solana (SOL), Cardano (ADA), and more. All staking rewards are generated solely through blockchain validation, then passed on to you.
Navigating change
Together with our community, we have continued to make good on our mission to build the most customer-centric organization in crypto. But as we all know, the world of crypto is full of ups and downs. When we launched Binance.US in 2019, the cryptocurrency industry was in a state of transition, not unlike today.
We knew then that customers needed a secure, reliable, and customer-centric platform that they could depend on. So we founded Binance.US on a simple yet powerful premise: to build a bespoke platform for U.S. customers that would strictly abide by U.S. regulations. We strongly believe we have kept that commitment. To achieve it, we implemented world-class risk management and security measures, and invested heavily in our compliance program and personnel.
We did this with the knowledge that no matter the market outlook, as long as we got the fundamentals right—a compliance-first mindset and customer-centric approach—we would win over customers and build trust with each and every transaction. We’ve safely and successfully processed hundreds of billions in transactions over the years since. And today’s anniversary is a testament to the unwavering support of our community.
Through ups & downs
In 2023, we were disappointed to learn that the SEC filed civil claims against Binance.US, among other companies in our industry, in what we believe to be an example of regulatory overreach via aggressive and ill-founded enforcement actions. Despite engaging in good faith negotiations with the SEC and repeatedly requesting a clear, practical regulatory framework for U.S. businesses that is compatible with the views of other regulatory agencies, such as the CFTC and U.S. Congress, the SEC pressed forward with enforcement actions against Binance.US, Coinbase, Kraken, and other crypto companies. It is our belief that this was done neither to protect investors nor to act in the national interest, but instead to plant their flag and claim sole regulatory authority over the digital space.
That is why we are fighting the SEC now in federal court. We put our faith and trust in the nation’s courts and are waiting for Congress to provide statutory guidance about how it wishes digital assets to be regulated. While we continue to dispute the claims, they have created unprecedented challenges for not only Binance.US, but for all companies doing business in the digital assets space. As a result, we were forced to make the difficult decision to temporarily transition to being a crypto-only platform.
However, rest assured that we are not going anywhere. We are still here and still fighting on behalf of our company, community, and industry. Despite the challenges we’ve faced, our commitment to putting customers first is unshaken, and we are excited by the road ahead. Looking forward, our priorities are as follows:
Advocating for clear regulation: We continue to welcome comprehensive, practical crypto regulation and are actively engaging with policymakers to shape a clear path forward. We understand and agree that digital assets should be regulated in order to prevent fraud and punish fraudsters, but we believe these very important decisions should be made by Congress and the entire regulatory community, not just one agency making a land grab by misusing its enforcement powers. The issue is how it should be regulated and by whom. These questions are complex and require a thoughtful whole-of-government approach rather than a barrage of enforcement actions brought by a single regulatory agency.
Restoring USD services: We're in discussions with reputable banking partners to bring back fiat on-ramps and USD services.
Building features with you in mind: We're excited about the products we have in the pipeline, including several in beta testing with select users. These upcoming offerings will allow you to do even more with your crypto, opening doors to new possibilities.
A heartfelt thank you
We want to express our sincere gratitude for your support and trust over the years. For the many community members who have taken the time to provide us with valuable feedback — know we value your insights and read each and every item of feedback, whether you left a review for our mobile app, participated in surveys, or reached out to us online.
For our core team of Binance.US Angels, as community leaders, know that your contributions have made a profound impact on newcomers and crypto enthusiasts alike. Thank you for fostering a welcoming and informative environment.
Here’s to the next five years — and beyond!
Sincerely,
The Binance.US Team
P.S. As we celebrate our 5th Anniversary this week, we encourage you to follow us on X for the latest updates — and check back tomorrow for a special surprise we've prepared for our community.
