By BinanceUS, the American branch of the world’s leading cryptocurrency exchange launched on September 24, 2019 (over a month ago) and has achieved crucial milestones which has made crypto experts believe may be the cause of the recent bull-run in cryptosphere.
The renowned exchange platform launched in the U.S. amidst a regulatory landscape that was deemed hostile towards the cryptocurrency sector. In fact, several prominent exchange operators, notably Bancor, have decided not to serve U.S. residents attributed to the harsh cryptocurrency regulations.
However, despite the enormous regulation hurdles, Binance successfully launched in the U.S. market-a move that was widely praised within the cryptocurrency community.
BinanceUS Recent Happenings
BinanceUS Breaks $10 Million Daily Trading Volume
On OCT 23, 2019, Binance US. revealed that it had surpassed $10Million in daily traded volume. Following the milestone, Binance CEO Changpeng Zhao commented:
“It took Binance longer to unlock this achievement back in the day.”
Considering that it was a new platform, this milestone demonstrates a widespread acceptance.
BinanceUS Announces Listing of NEO, ATOM, ADA, BAT, ETC, XLM, ZRX and DOGE
On October September 25, 2019, Binance US. announced it would add full trading support for various altcoins, including Cardano (ADA), Basic Attention TOKEN(BAT), Ethereum Classic (ETC), Stellar (XLM).
On October 24, 2019, Binance announced the listing of the DOGE/USDT trading pair. The dogecoin listing was preceded with other listings, including IOTA, algorand (ALGO), zcash (ZEC), ChainLink (LINK), and Ravencoin (RVN) and dash (DASH). On October 30, 2019, Binance. U.S. announced that it would list NEO(NEO) and Cosmos( ATOM) trading for the NEO/USD, NEO/USDT, ATOM/USD, and ATOM/USDT trading pairs that will open on October 31, 2019, at 9:00 pm EST/6:00 pm PST. The above-listed tokens increased in value and trading volume following the listing.
Binance listings have been established to cause an 80% increase in coin value. Data collected from the last thirteen Binance listings indicated that since the beginning of June, tokens had experienced an 81% increase in the average price. For instance, Dogecoin’s price surged 37% following the Binance listing announcement.
BinanceUS Top Listing
During its launch in the United States, BinanceUS. top listings included Bitcoin, Ethereum, Ripple’s XRP, Bitcoin Cash, Litecoin, and Tether USDT. Currently, BTC/USD is the most traded pair on the platform with a 24h trading volume of $ 2, 767, 267 at the time of this writing. BTC/USDT comes second with a 24h trading volume of $1, 156, 808, at the time of this writing.
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