Headquartered in Malta, the leading cryptocurrency exchange platform, Binance has launched its long-awaited American digital asset marketplace, Binance.US today, i.e., September 24, 2019.
At the celebratory launch, Binance.US listed seven reputed digital assets namely- Bitcoin (BTC), BNB, Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USDT). The platform offers deposit facility on five additional assets- Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX).
All verified traders with fiat-crypto and crypto-crypto trading pairs were allowed to indulge in trading at 9:00 am EST / 6:00 am PST on September 24, 2019.
Catherine Coley, the notable CEO of Binance.US shared her delight for Binance.US kickstart by stating that
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.
The spearhead further added that:
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.
In the future, Binance.US will come out with additional cryptocurrencies that will satisfy the U.S regulatory standards based on the Digital Asset Risk Assessment Framework. The users having deposits with Binance.com will not see their assets automatically on Binance.US. Also, the users of the new exchange will enjoy free trades as well as will receive a $15 referral bonus until November 1, 2019, for each new signup.
As per the press release made by Binance.US, the exchange will work as an independent entity with its own lucrative features and functions, though its trading and wallet technology is licensed from Binance. It promises to work as a user-friendly venue for buying, selling, and holding of digital assets within the U.S territory.
Binance.US will not be available in 13 states, including Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, and Washington.
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.