A new trading arm of Binance crypto exchange, Binance US has recently shared a detailed plan of its trading operation. The platform had said that it is considering to list 30 new crypto tokens.
Binance US To List 30 Crypto Tokens
In a blog post, published on August 09, 2019, Binance US explains that it is yet to determine the launch date of trading operation in the United States. Moreover, it is exploring 30 crypto tokens to list at the Binance US exchange.
Per the blog post, it will list Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), XRP, Stellar Lumens (XLM), Litecoin (LTC), Cardano (ADA), Cosmos (ATOM), Basic Attention Token (BAT), Bitcoin Cash ABC (BCHABC), DASH, EOS, Ethereum Classic (ETC), HOT, IOTA, LINK, Loom Network (LOOM), MANA, NANO, NEO, PAX, REP, RVN, TUSD, USDC, USDT, VET, WAVES, ZIL, ZRX.
Ahead of the listing, the platform is examining these tokens to ensure they meet Binance’s listing criteria for Binance US. It’s worth to note that Binance stopped serving US customers back in September due to unclear crypto regulatory frameworks but it had rolled out an exclusive US-based fiat-to-crypto exchange during June 2019.
The Binance US will be operated by BAM trading firm which is a FinCen-registered firm in the United States. The branch will spearhead by former Ripple’s employee, Catherine Coley who had recently joined BAM trading as CEO. Notably, the announcement of launch was outlined by Coley via Binance US’s medium blog. She wrote that;
The team and I are eager to share more on what’s ahead for this exciting journey together. We are grateful for your enthusiasm and feedback, which are crucial in this early development.
Since the launch in 2017, Binance.com has already captured significant trading volume and the market observer examines that Binance’s entry in the US could be a direct threat to country’s existing crypto exchanges such as Coinbase. While Binance announces its plan of exploring 30 crypto assets, Coinbase earlier shared an update of considering 8 new crypto assets which include two assets backed by Binance IEO. Moreover, Coinbase hasn’t added Binance’s native token BNB yet whereas it is set to support 2 Binance launchpad projects. With similar note, Binance CEO trolls Coinbase saying; they may have missed one jem, BNB.
— CZ Binance (@cz_binance) August 6, 2019
Image Source – Binance US Blog