Although the U.S. regulatory climate is quite unfriendly toward crypto, the recent launch of Bakkt’s crypto-futures offerings has opened up fresh investment hopes for the American citizens. Adding to this positive sentiment, Binance.US, the American arm of cryptocurrency exchange giant Binance, announced it will start trading fiat-crypto and crypto-crypto trading pairs on Tuesday. As per the official post,
“At launch, Binance.US will list BTC, ETH, XRP, BCH, LTC, BNB and USDT, available for trading across 13 fiat-to-crypto and crypto-to-crypto trading pairs.”
Staying true to its customer-centric approach, Binance.US will offer its service at zero fees until November 1, 2019. Additionally, the company has also mentioned that “each new account that completes Fiat Verification will receive a $15 sign-up and referral bonus once they reach $100 in trading volume (buy and/or sell, any trading pairs).”
The Binance.US launch currently supports USD and USDT trading pairs that ranges through BTC/USD, ETH/USD, XRP/USD, BCH/USD, LTC/USD, BNB/USD, USDT/USD, BTC/USDT, ETH/USDT, XRP/USDT, BCH/USDT, LTC/USDT and BNB/USDT. The company also currently supports referral bonus schemes for its U.S. customers.
Based on the Digital Asset Risk Assessment Framework, Binance has also decided the second batch of coins for listing on the exchange, which awaits a separate announcement. Moreover, Binance.US has also made another official announcement that it will open deposits for ADA, BAT, ETC, XLM and ZRX, although withdrawals will be made possible only after trading commences.