The globe’s biggest cryptocurrency platform, binance has just since its newborn sister company, Binance.US officially launch its digital asset marketplace. The US-only platform (duh) will offer fiat on-ramp and free trading for all listed coins, which will begin on 24th September.
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So it seems that the world's biggest crypto platform by trading volume has officially launched its US only branch. The firm said in a press release, the platform will be operated by BAM Trading Services and license new wave trading and wallet tech from the platform.
The firm also said that it will exist as an entity completely independent from Binance and offer users one of a kind functions and features.
The CEO of the platform, Changpeng Zhao said the BAM Trading “will open a new key gateway to America and beyond,” as well as increase use cases for both blockchain and cryptocurrencies.
Catherine Coley, the CEO of Binance.US, went on to say:
“Binance.US is tailor-made for Americans at every step of its development.”
Trading on the US arm of Binance won’t officially start until 24th September (so, tomorrow). The digital asset marketplace may have launched but unfortunately, trading has to wait another day. Verified users will be able to trade fiat-crypto and crypto-crypto trading pairs for free until Nov. 1, the company said, offering a $15 referral bonus for each new qualifying signup.
As reported by CyptoSlate:
"At launch, Binance.US lists seven digital assets: Bitcoin (BTC), BNB, Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USDT), with deposits opened for an additional five assets: Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX)."
Before we go finish, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe! But anyway, it will still be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!