Binance.US, the U.S. branch of the world’s largest cryptocurrency exchange, officially launched its digital asset marketplace. The U.S.-only exchange will offer a fiat on-ramp and free trading for all listed coins, which will begin on Sept. 24.
The U.S. gets a new gateway to the crypto world
The world’s largest cryptocurrency exchange by trading volume, Binance, has officially launched its U.S.-only branch. The platform will be operated by BAM Trading Services and license cutting-edge trading and wallet technology from Binance, the company said in a press release.
It will exist as an entity completely independent from Binance and offer users unique functions and features, the company said.
Changpeng Zhao, the CEO of Binance, said that the partnership with 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, said:
“Binance.US is tailor-made for Americans at every step of its development.”
Fiat on-ramp, free trading, seven crypto assets
Trading on Binance.US will officially begin on Sept. 24 at 9:00 am EST. 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.
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).
The company said it plans on introducing new cryptocurrencies in batches following the initial launch. The batches, Binance.US said, will be “highly-curated” and meet U.S. regulations and compliance standards based on the Digital Asset Risk Assessment Framework.
Some of the cryptocurrencies that are currently under consideration for listing on the Binance.US platform are Cosmos (ATOM), Dash (DASH), EOS (EOS), IOTA (MIOTA), Chainlink (LINK), and Nano (NANO). The platform might also list several stablecoins in the following months, including Paxos Standard (PAX), TrueUSD (TUSD), and USD Coin (USDC).