Recently, the American arm of cryptocurrency exchange giant Binance has made an interesting statement about one of its projects. Binance.US news has announced that it will start trading fiat-crypto and crypto-crypto trading pairs on Tuesday. The newly launched trading platform will include seven cryptocurrencies. These are Ethereum, Litecoin, Bitcoin Cash, XRP, Binance coin (BNB), and Tether’s USDT.
Last Wednesday, Binance US started to open for registration and deposit making. Binance.US announced that it plans to open deposits additionally, for another five assets: basic attention token (BAT), Cardano (ADA), Ethereum Classic (ETC), stellar’s XLM and 0x. However, it did not disclose a specific date for an official launch.
In addition to the novelties it offered, Binance’s launched dollar-linked stablecoin BUSD. However, it is not yet officially supported. Binance announced that the branch will present additional cryptocurrencies that meet compliance standards based on its Digital Asset Risk Assessment Framework and U.S. regulations.
Catherine Coley, the platform CEO made a statement. She said that users who already have deposits with Binance.com should know, that they would not see their funds automatically transferred to the U.S. platform, Binance.US. The new clients for the brand-new exchange will receive a $15 referral bonus.
In addition, the Binance.US branch announced that it would work on strengthening its compliance and security practices. However, it is important to create a safe trading space for users. Binance.Us plans to start an alliance with software provider Chainalysis and KYC/AML tool provider IdentityMind.
Binance plans Global Market Transition
On January 2019, Binance has offered new opportunities in crypto exchange on the island of Jersey. The island is a British self-governing dependency. This exchange provides EU and I.K traders. In addition, Binance has also been trying to push US dollar-backed stable coin as a potential competitor against Libra Crypto. In addition, it proposes users trading with Ethereum and Bitcoin against the British pound and euro.