US-based customers have been getting excluded from most cryptocurrency products and offerings. Bittrex, a US-based exchange, halted the trading of 32 cryptocurrencies for US-based users. The pairs affected include ENJ, QTUM, and STORM. Another case is from one of the oldest reputable cryptocurrency exchanges that remains functional to this day, Poloniex. Leverage trading is available and open to all users except for US-based ones. Last but not least, the latest trend, IEO platforms have been unavailable to any US customer.
This has caused missed opportunities for many. For example, the MATIC IEO delivered a phenomenal 1,611% return. The token was priced at $0.00263 for the public sale and reached a the recent peak of $0.04500.
Fortunately, this “embargo” may end soon as Binance is launching a new trading platform specifically built for US customers. The CEO of Binance provided some hope to his future customers with his tweet: “Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain”.
There will be a few restrictions on https://t.co/9rMMAmtCxH accompanying this. But some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain. https://t.co/gl1M1cwPYB
— CZ Binance (@cz_binance) June 14, 2019
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