Binance.US
Best for US-regulated access under state money transmitter licensing
How it rates
- Publishes its state licence list on its own help centre
- Federally registered with FinCEN as a money services business
- Operates under a separate US entity with its own licensing
- Trading volume is the smallest in this comparison by a wide margin
- Fee and legal pages block automated verification
- Reserve verification mechanism not established at this check
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- MetAuthorisation from a recognised financial regulator, evidenced publicly
FinCEN registration and state money transmitter licences listed publicly.
support.binance.us/en/articles/10471695-licenses - Not metProof of reserves with per-account verification
Per-account mechanism not established at this check.
support.binance.us/en/articles/10471695-licenses - PartialMost recent reserve publication within 12 months
Quarterly attestations reported at group level; entity-level cadence not established.
eco.com/support/en/articles/15183698-binance-reserves-regulation-and-us- - Not metReserve method documented publicly
Not identified at this check.
support.binance.us/en/articles/10471695-licenses - MetNo unremediated custody-loss incident on the public record (24 months)
None identified at this check.
support.binance.us/en/articles/10471695-licenses
- Met
- PartialEntry-tier maker and taker rates displayed
Automated access blocked at this check.
www.binance.us/fees - Partial
- Partial
- PartialFee documentation readable without an account
Public URL; automated access blocked.
www.binance.us/fees
- MetListed with an independent trust score
CoinGecko exchange dataset, trust score 9.
api.coingecko.com/api/v3/exchanges - Not met
- Not met
- Not met
- Met
- MetRegulatory status disclosed publicly
Licence list published on its own help centre.
support.binance.us/en/articles/10471695-licenses - MetOperating entity and jurisdiction identifiable
BAM Trading Services named.
support.binance.us/en/articles/10471695-licenses - Not metReserve disclosure on own domain
Not identified at this check.
support.binance.us/en/articles/10471695-licenses - MetIndependently corroborated regulatory position
Registration and state coverage independently reported.
eco.com/support/en/articles/15183698-binance-reserves-regulation-and-us- - PartialEnforcement or incident history on the public record
Group-level settlement reported; entity-level record not established.
eco.com/support/en/articles/15183698-binance-reserves-regulation-and-us-
- MetHelp centre reachable without an account
Reachable without an account at this check (HTTP 2xx).
support.binance.us/ - MetPublic status page
Reachable without an account at this check (HTTP 2xx).
support.binance.us/en/articles/10471695-licenses - PartialPublic API documentation
Published at a documented URL; automated retrieval blocked at this check.
docs.binance.us/ - PartialPublic fee documentation
Published at a documented URL; automated retrieval blocked at this check.
www.binance.us/fees - PartialPublic legal and terms documentation
Published at a documented URL; automated retrieval blocked at this check.
www.binance.us/legal/terms-of-use
Binance.US operates as BAM Trading Services, registered with FinCEN as a money services business and licensed as a money transmitter in most states, with a published licence list. Its trading volume is by far the smallest in this comparison, which is what the market-quality pillar registers.
Our assessment
Binance.US is a separate US entity, BAM Trading Services, registered with FinCEN as a money services business and holding money transmitter licences across most states. It publishes that licence list in its own help centre. Its trading volume is a small fraction of every other venue here, and that is what the market-quality pillar measures.
Licensing published, not implied
The licence list is the strongest thing on this page. A US venue publishing which state authorisations it holds, in a document anyone can open, is doing more than most venues in this comparison — several of which do not name their operating entity at all. State coverage is not universal: as of early 2026 it did not operate in New York, Texas, Hawaii or Vermont.
Volume is the constraint
Independent data records 24-hour volume roughly three orders of magnitude below the group leader and far below our threshold. For a reader that is not an abstraction: thinner books mean wider spreads and more slippage on any order of size, which can easily cost more than the fee difference between venues.
Verification gaps
Fee and legal pages blocked automated retrieval, and we could not establish an entity-level reserve verification mechanism — group-level attestations were reported, but this is a separate company and the rubric scores it as one. Those gaps, plus volume, put it at the bottom of the table.
Who it suits
Binance.US fits US readers who specifically want a state-licensed domestic venue and trade in modest size where depth matters less. Anyone trading size, or wanting reserve verification, should compare against Kraken and Coinbase, which serve the same market with far deeper books.
How rivals compare
Frequently asked
Is Binance.US the same company as Binance?
It is a separate US entity, BAM Trading Services, with its own registrations and licensing. The rubric scores it separately.
Which regulators cover Binance.US?
It is registered with FinCEN as a money services business and holds state money transmitter licences, listed publicly in its help centre.
Why does Binance.US score lower on market quality?
Independent data puts its 24-hour volume far below our 3,000 BTC threshold and outside the top-five trust ranking.