Binance DEX Is Geoblocking Users From 29 Countries, Including U.S.

The new decentralized exchange (DEX) which was developed by the major cryptocurrency exchange Binance – and has been in the altcoin news for some time now – is apparently blocking access to users based in 29 countries. The Binance DEX informs potential users of the restriction through a message which appears when someone is accessing the platform from any of the specified regions.

The Binance DEX message reads the following:

“It seems you are accessing www.binance.org from an IP address belonging to one of the following countries:

USA, Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia, Cuba, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, or Zimbabwe.”

Aside from this, the pop-up which Binance DEX has designed warns about the trading and accessing the wallet interface through the website – and how it will be blocked for users with IP addresses from the aforementioned countries.

Lastly, the message also shows a link to a list of wallets which are supporting the Binance Chain (BNB) mainnet, suggesting them as alternatives. This is why the Binance DEX website was praised by many best cryptocurrency news sites as a reliable and informative one.

“Please note that by 1 July 2019 (UTC 00:00), trading and accessing to the wallet interface through www.binance.org will no longer be available to users with IP address from the countries listed above,” the message noted.

A lot of people in the crypto community are bashing Binance and have characterized the finding as an indication that the DEX is in fact not actually decentralized. One Twitter user who is well known among crypto enthusiasts named Whale Panda made the latest cryptocurrency news for stating the following:

“Reminder that it was never a DEX so stop calling it a DEX. It’s just a word they used to pump $BNB, it was never meant to be decentralized.”

Another Steemit post also dedicated the topic links to a list of suggested crypto asset trading platforms that don’t require users to go through Know Your Customer (KYC) procedures. As we reported at the time, Binance launched its decentralized trading platform earlier than planned (in the second half of April 2019).