Binance.US has announced that it will open trading on Tuesday the 24th of September. This is after launching the platform last week on wednesday. The independent subsidiary of Binance will start out trading with only a limited number of coins as it hopes to add more in the coming future. Binance decided to Launch Binance.US in June after regulatory concerns from the U.S. regulator.
The CEO of Binance.US said in a statement that:
“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.
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. We look forward to providing more security and accessibility to digital currencies and the blockchain projects behind them for the American Binance community.”
As from the 24th, cryptocurrency investors can trade on Binance.US using cryptocurrency pairs and the U.S. dollar alone. Aside from the coins that had been listed in an earlier announcement, Binance.US has also pointed that it also looks forward to launching deposits for cryptocurrencies such as Cardano, Ethereum Classic, Stellar, Basic attention token, and Ox.
Binance.US has incentivized the platform by providing users with free trades so that it can attain massive adoption by U.S. crypto traders.
What plans does Binance.US have?
Binance.US will open operations for 37 states in the United States, which means that some states will not have access to the exchange platform. The exchange platform also hopes to add more cryptocurrencies once they pass the regulation and compliance standards.
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