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Binance.US announces addition of BTC Quote pairs



Source: Pixabay

Malta-based cryptocurrency exchange, Binance, made news after it very publicly withdrew its services from the United States. However, the exchange had later revealed that the citizens of the U.S. would get a separate platform that would be compliant to the regulatory obligations of the SEC. On 18 September, the exchange’s American platform, Binance.US, allowed users to register on the platform. But, the platform cannot extend its services to 13 states of the United States.

Binance.US’s trading platform went live yesterday for the following coins, namely, BTC, ETH, XRP, BCH, LTC, BNB, and USDT. Users could trade with zero fees till 1 November 2019. However, the only available trading pairs were USD and USDT pairs.

Several users from the community reached out to Binance.US seeking BTC pairs. Hours later, the platform shared an update with the community on Twitter regarding the same. The tweet read,

The announcement was also confirmed through the exchange’s blog post, which read that Binance.US would add five BTC trading pairs namely, ETH/BTC, XRP/BTC, BNB/BTC, LTC/BTC, and BCH/BTC. Trading for the aforementioned pairs would be made available from 25 September 2019 at 8:00 AM [EST].

The USDT and USD trading pairs have been open for trading since 24 September 9:00 AM [EST]. The platform has come up with several promotional offers including zero trading fees, along with a $15 sign-up and referral bonus soon after a user reaches $100 in trading volume.

Additionally, the post revealed that trading will be open for ADA, BAT, ETC, XLM and ZRX pairs with USD and USDT, at the same time as BTC trading pairs. Previously, the aforementioned coins were scheduled to go live at 9:00 AM [EST] on the same day. However, according to the recent update, the trading pairs were scheduled to go live later.

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Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.