The writing has been on the wall for a while with the launch of Binance.US but Binance is now officially emailing US-based customers with a 14-day notice to migrate. If you haven't received an email yet, expect one soon.
On top of that, and more concerning, is a lot of rumors about mandatory KYC being rolled out across all Binance platforms. There is nothing confirmed at this moment, but I have enough information to think it's only a matter of time. This shouldn't come as a shock since Bitmex recently rolled out mandatory KYC and this will be more common in the coming year.
However, if you'd prefer to trade on an exchange without KYC, the best option continues to be Bybit. FTX does offer KYC-free trading but with limited withdrawal amounts, though Level 1 KYC just requires an email and country of residence.
So if you're currently trading on Binance and are a US customer wanting to avoid the upcoming migration, or avoid the eventual KYC, consider signing up with one of my recommended alternatives: