Context and references.
Binance's global footprint contracted meaningfully from 2023-2025 under regulatory pressure. CoinDesk and The Block tracked the major changes: Binance.US operates as a separate compliant entity covering most US states (excluding NY, FL, HI, MS and a handful of others); Binance France, Italy, Spain and Poland operate under MiCA-compliant subsidiaries; Binance.SG (Singapore) and Binance.AU (Australia) provide regional coverage with different product mixes.
Five major markets where Binance no longer accepts new accounts as of 2026: the United Kingdom (FCA action), the Netherlands (DNB enforcement), Belgium (FSMA action), Canada (concentrated provincial pushback), and Russia (post-2022 sanctions). The standard workaround of VPN-based registration triggers account suspension on detection and is not durable.
Asia-Pacific access has remained relatively stable. Japan operates through the Binance Japan subsidiary (FSA-registered, limited product set). Korea operates through joint venture arrangements. Hong Kong and Taiwan retain mostly-full access. The Philippines is the exception in this group: at the SEC's request the NTC ordered ISPs to block binance.com in March 2024 over unlicensed operation, and that block is still in force — so treat any guide that lists the Philippines as an open market as out of date.
For US-domiciled users, Binance.US offers a narrower product set than the global Binance.com platform. The Block and Bloomberg Crypto have both reported the gap: spot pairs are comparable, but most perpetual futures, options and structured products are absent on .US. Coinbase, Kraken or CME-listed futures fill that gap.
Crypto assets are volatile and not suitable for every investor. This page is editorial analysis, not financial advice.