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Binance Coin (BNB) Plummets 11% As Crypto Exchange Reveals Binance.com Will Ban US Customers From Trading

 

Binance says its customers have 90 days to comply with its updated terms of use, which states that the leading crypto exchange is “unable to provide services to any US person”. Users in the United States will still have access to their funds and wallets, but will no longer be able to trade.

The news has triggered a big drop in the price of Binance Coin (BNB), which can be used to pay for discounted trading fees on the exchange. At time of publishing, BNB is down 11.42% at $31.03, according to CoinMarketCap.

Traders are analyzing the impact the change will have on access to various cryptocurrencies, particularly the many altcoins on Binance.com that are not supported in the US.

#Binance Terms of Use Reviewhttps://t.co/KjRMpqrR98…

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