Tomorrow, September 24th, 2019, Binance US will open trading on its platform and 7 different cryptocurrencies will initially be supported. To the delight of BNB holders, the token will be tradable from the beginning.
Binance US is a completely separate entity from Binance. The US market has very different standards, rules and regulations from other countries around the world. For this reason, it is a unique platform, even if it is named after the Binance.com exchange.
Binance is certainly the most active platform in the crypto space. In recent weeks the futures market has also been announced, which will certainly give a boost to the entire industry. Then came Venus, the project that aims to act as a competitor to the Facebook cryptocurrency, Libra.
Catherine Coley, CEO of Binance US said:
“Binance.US is tailor-made for Americans at every step of its development. We are thrilled to establish Binance.US as a distinctive marketplace with roots in America, as we aim to educate and foster the American community to adopt crypto with purpose”.
Binance grants the trading license to Binance US, however, as time goes by, Binance US will be able to expand its roots within the US and become a very important hub.
“In our partnership with Binance, we will together work to increase the freedom of money worldwide while bringing their unmatched trading technology platform to the U.S. and supporting the expansion of a globally recognized brand in a key market”.
The cryptocurrencies currently supported on the platform are:
- Bitcoin (BTC);
- Ethereum (ETH);
- Ripple (XRP);
- Bitcoin Cash (BCH);
- Litecoin (LTC);
- Tether (USDT);
- Binance Coin (BNB).
Whereas these assets will allow only deposits for now:
- Cardano (ADA);
- Basic Attention Token (BAT);
- Ethereum Classic (ETC);
- Stellar Lumens (XLM);
- 0x (ZRX).
Not only are there a lot of cryptocurrencies and the inclusion of BNB, which is something everyone was waiting for with anxiety, but there is also another important novelty: trading will be free and therefore with no fees until November 1st, 2019. This is definitely an incentive, especially for those traders who are willing to move significant figures.
Utility token $BNB. https://t.co/Dp3WuFq4Ou
— CZ Binance (@cz_binance) September 18, 2019
In addition to this advantage, there will also be the possibility of receiving $15, through the affiliate program, for each subscriber to the platform that will deposit at least $100.
Binance US aims to include ever more cryptocurrencies within its marketplace, but the United States requires special regulations and this operation is certainly not trivial. The exchange is already thinking about other cryptocurrencies that will be able to comply with the American standards based on the Digital Asset Risk Assessment Framework of Binance:
- Cosmos (ATOM)
- Dash (DASH)
- EOS (EOS)
- Holochain (HOT)
- IOTA (MIOTA)
- Chainlink (LINK)
- Loom Network (LOOM)
- Decentraland (MANA)
- Nano (NANO)
- NEO (NEO)
- Paxos Standard (PAX)
- Augur (REP)
- Ravencoin (RVN)
- TrueUSD (TUSD)
- USD Coin (USDC)
- VeChain (VET)
- Waves (WAVES)
- Zilliqa (ZIL)
Recently, Binance has been moving in the right direction with important news and announcements: the new IEOs with a different type of lottery and the arrival of Binance Lending, a service that allows the loan of cryptocurrencies in exchange for a passive return independent of the trend of the cryptocurrency market. As well as the introduction of the OCO order (one cancels others) for the most experienced and demanding traders and the launch of its stablecoin: BUSD.
The exchange also confirms that a growing number of people are interested in this sector and that adoption continues to increase. As a demonstration of this fact, the Binance meetups are always sold-out, an example is the last meeting concluded in collaboration with Eidoo in Milan, which has reached record numbers.
“Binance made significant global strides in efforts to further cryptocurrency adoption. Through this partnership, we believe Binance.US will open a new key gateway to America, and beyond, furthering the enthusiasm and tangible use cases for both blockchain and cryptocurrency”.
said Binance CEO, Changpeng Zhao.