Last Updated on December 11, 2019
Binance’s trading platform for its US-based customers, aptly named Binance.US, has officially announced that the platform was exploring the opportunities for introducing new crypto. In particular, Binance.US is setting its sights on 18 new forms of cryptocurrency to list within its exchange.
Binance.US launched during the month of September this year. The cryptocurrency exchange is operated through BAM Trading Services, a San Francisco-based trading firm. The exchange itself is powered by a “matching engine and wallet” technology fully licensed through Binance itself.
Catherine Coley, the CEO of Binance.US, published a blog post describing the exchange’s many achievements since its first launch. She listed things like expanding the original seven tradable cryptocurrencies with 19 more, totalling to 26 tradable forms of crypto. The company also added debit card transfer and increased the automated clearing house (ACH) transfer limit to $30 000. Binance.US has launched a VIP discount as well as fee discounts holders of its in-house BNB coin.
Of the newly added form of cryptocurrencies, names like QTUM, NANO, DOGE, LINK, ALGO, DASH, ZEC and VET all come to mind.
Promises of Further Support
Coley promises to provide further support for Binance.US customers. They will do this by supplying FDIC insurance when it comes to USD deposits as well as giving new users a $15 sign-up bonus and allowing them 30 days of free trading. The company is roping in more employees to its San Francisco team in order to create new ways for its user base to make use of the crypto ecosystem via the Binance.US platform.
From then on, Coley started to sing the mandatory praises of Binance.US and its community, taking great pains to project Binance as a whole to be a platform with the consumer as its priority. Coley explained that Binance.US would perpetually increase the selection of crypto listed on the exchange as well as prioritising the expansion into other US states.
Coley state that Binance.US has both:
Legal obligations and moral duties to shield our users from fraudulent blockchain projects and combat financial crimes.
Adding More Crypto
The most critical information to be gleaned off the blog post is the fact that Binance.US is making plans to expand its crypto listings even more. Binance.US is making use of the company’s Digital Asset Risk Assessment Framework with the evaluation of 18 new forms of cryptocurrency. These crypto forms are DCR, CELR, FTM, ENJ, IOST, ICX, OMG, KMD, ONT, ONE, SNT, REN, TOMO, THETA, XEM, TRX, HBAR and XTZ.
Binance.US is clearly having every intent on expanding its platform to meet its central exchange in terms of listing and availability. Undoubtedly Binance.US will attract more customers as Binance itself has attracted customers across the world.