MEXCBinance’s New Initiative On Polygon Aims to Woo US Customers Amid Regulatory Scrutiny
Binance News: The U.S. arm of the world’s largest crypto exchange, Binance.US, has recently announced its partnership with Web3’s noted domain name registrar Unstoppable Domains to provide branded “.BinanceUS” addresses for U.S. customers. With this, users can now choose their preferred digital identities to easily send and receive cryptocurrencies instead of using conventional alpha-numeric wallet addresses.
Binance.US Offers Branded Web3 Domains
With the new service, customers will be able to create “.BinanceUS” domains, giving them unique identities for their cryptocurrency wallets that are simple to comprehend and can be used in the Binance.US app to buy, sell, and transfer digital assets.
Read More: First Republic Bank Crisis Deepens As US Govt. Refuses Intervention
According to the official statement, the .BinanceUS domain names will soon be made available entirely through the exchange’s app; and it’s for the first time, Unstoppable will provide customers with two-digit domain names like “00.BinanceUS” or “99.BinanceUS”. Additionally, it already provides two-letter domains such as “ok.BinanceUS”.
BinanceUS Addresses To Start From $10
Furthermore, under the new partnership, customers of Unstoppable Domains will be able to withdraw cryptocurrency to a variety of domain addresses, including “.crypto,” “.nft,” and “.x” domains, using Binance US. According to official statements released, users will be able to purchase “.BinanceUS” domain names for as little as $10.
Remembering long, complicated #crypto addresses can be a hassle.
That's why https://t.co/AZwoBOgsqS has partnered with @unstoppableweb. Customize your wallet address down to just TWO characters.
Join the waitlist to be notified when they become available!
— Binance.US 🇺🇸 (@BinanceUS) April 26, 2023
While, unlike its rival ENS which mints all its domain names on the Ethereum blockchain, the BinanceUS domain names will be created on the Polygon network. Considering there is a cost associated with using gas on Ethereum, ENS names can turn out to be expensive. However, as per Unstoppable Domain’s website, their domain addresses do not have any gas fees associated with it.
In light of this Binance news, the exchange’s native cryptocurrency BNB, witnessed a gain of roughly 0.11% in the past one hour. As things currently stand, the price of BNB is exchanging hands at $338.16 and boasts a market cap of roughly $51 billion.
Also Read: Circle Unveils New Protocol To Disrupt Stablecoin Market, USDC Set To Overtake USDT?
- Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”
- Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain
- $2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments
- Who Will Be the Next Fed Chair? Scott Bessent Confirms Final Five Candidates
- Mt. Gox Delays Repayments to 2026 as Trump-Backed American Bitcoin Adds 1,414 BTC
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
- Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?
- Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?
- Bitcoin Price Prediction If President Trump Announces Deal with China on October 30th- Can BTC Break $125k?
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
