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Is Binance.US safe?

BAM Trading Services Inc. · Last updated Oct 19, 2026
42/100Weaker signals

At a glance

42/100 · Weaker signals
  • ClarityCheck score42/100 · Weaker signals
  • US availabilityUS: some states restricted
  • NY BitLicense / trust charterNot found
  • Proof of reservesNot found
In short

US entity separate from Binance.com. Patchy state availability; the SEC case was dismissed in 2025. Not available in 16 jurisdictions, including New York, Texas, Ohio, Georgia, North Carolina and Washington. Crypto-only (no USD) in Kansas and Wisconsin.

Score breakdown

  • US money-transmission licensing17/25
    FinCEN MSB registration (5) + state licence coverage: partial or unverified (12)
  • Higher-tier US oversight0/20
    NYDFS BitLicense/trust charter no (0); CFTC-registered affiliate not found (0); SEC-registered broker-dealer or SEC-reporting parent not found (0)
  • Reserves & financial transparency0/20
    Audited financials filed with the SEC no (0); proof of reserves not found (0)
  • Enforcement record (last 5 years)15/25
    Starts at 25. Criminal plea: by a related group company (−10); regulatory penalties ≥ $1M: 0 (−5 each, max −15). Dismissed or closed cases don't deduct.
  • Security incidents (last 3 years)10/10
    Starts at 10. Theft of ≥ $100M: none found; disclosed customer-data breach: none found

How the score works →

Custody

Not found: we couldn't verify custody arrangements.

Registrations & licences

2 facts
  1. Official sourceOct 19, 2026 · FinCEN

    BAM Trading Services Inc. (dba Binance.us) appears in FinCEN's MSB registrant list.

    FinCEN MSB Registrant Search (full registrant export) ↗
  2. Company / third-partyJun 4, 2026 · Binance.US

    Binance.US publishes state money transmitter licences (NMLS ID 1906829).

    Binance.US: Licenses ↗

Availability

1 fact
  1. Company / third-partyJun 3, 2026 · Binance.US

    Unsupported: AK, CT, GA, ME, NY, NC, ND, OH, OR, TX, VT, WA and several territories. Crypto-only: Kansas, Wisconsin.

    Binance.US: List of supported and unsupported states ↗

Enforcement & legal history

2 facts
  1. Official sourceMay 29, 2025 · SEC

    SEC civil case against Binance entities (including BAM Trading) and Changpeng Zhao dismissed with prejudice, May 29, 2025.

    SEC Litigation Release 26316 ↗
  2. Official sourceNot found / absentNov 21, 2023 · DOJ

    Related group: Binance Holdings (Binance.com) pleaded guilty in Nov 2023 as part of a $4.3B+ DOJ/FinCEN/OFAC/CFTC resolution. BAM Trading (Binance.US) is a separate legal entity, and we didn't find it named in the plea.

    DOJ: Binance and CEO plead guilty ↗

Reserves & transparency

1 fact
  1. Company / third-partyNot found / absentOct 19, 2026 · Binance.US

    Not found: we didn't find a current Binance.US proof-of-reserves report or audited public financial statements.

    Binance.US home ↗

Binance.US questions

Is Binance.US safe?

ClarityCheck scores Binance.US 42/100 (Weaker signals) on public regulatory and transparency signals: US entity separate from Binance.com. Patchy state availability; the SEC case was dismissed in 2025. This is not a solvency rating or a guarantee.

Is Binance.US available in the US?

US: some states restricted. Not available in 16 jurisdictions, including New York, Texas, Ohio, Georgia, North Carolina and Washington. Crypto-only (no USD) in Kansas and Wisconsin.

Is Binance.US licensed in New York?

We didn't find Binance.US on NYDFS's list of BitLicense or trust-charter holders (checked Oct 19, 2026).

Not legal, financial or investment advice. The CLARITY Act is not law. Facts are from the linked sources as checked on Oct 19, 2026; please tell us if anything is out of date.