The Binance.org website, which can be used to access the Binance DEX trading platform, will start blocking vistors from a list of 29 countries, including the United States, by July 1. The website does not explain why visitors from these countries will be blocked. For what it's worth, the list contains many countries that are also blocked from buying tokens in Binance Launchpad IEOs.
Binance CEO Changpeng Zhao has addressed concerns of users on Twitter, saying that while the Binance.org website will block users from certain countries, the actual Binance DEX exchange, which runs on the Binance Chain blockchain, cannot. However, users from the 29 listed countries will either have to use a virtual private network (VPN) service or trade directly from a supported wallet to circumvent the geo-blocking from Binance.org.
A helpful comment by Twitter user “truthurtm” lists wallets that can be used to trade on the Binance DEX exchange: Trust Wallet, Zel, CoolWallet, MathWallet, Infinito Wallet, Coinomi, MEET.ONE, Magnum Wallet and Ellipal.
Binance DEX
Launched in April, the Binance DEX exchange is still in its early stages. The exchange currently lists 9 cryptocurrencies, all of which are paired against BNB, the native asset of the Binance Chain blockchain platform.
At the moment, there is a lot of trading activity on Binance DEX for Harmony ONE, 8.26%, the token issued by the Harmony Protocol project through a Binance Launchpad IEO. Trading volume on the ONE/BNB pair, which is also being promoted by an airdrop campaign, is around 334,000 BNB (approximately $10.7 million). The other markets are much less active, with Fantom FTM, -5.73% coming in second place with 2,364 BNB volume (around $76,000).
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