The U.S. branch of the cryptocurrency exchange, Binance, announced that it will start trading cryptocurrency on Tuesday (local time).The trading will include thirteen trading pairs, as reported by Coindesk.
On the U.S. bourse, seven cryptocurrency currencies will be listed at the same time as the opening of the market. They are Bitcoin (BTC), Binance Coin (BNB), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), and Tether token (USDT).
Binance U.S. also said it plans to list five more cryptocurrencys soon. The corresponding cryptocurrency is Cardano (ADA), BAT (Basic Attention Token), ETC (Etherium Classic), Stella Lumen (XLM), and ZeroX (0x).
Investors have been able to join the U.S. bourse as members since the 18th to create accounts and deposit their investments. However it did not announce the official release date in advance.
Based on the Digital Asset Risk Assessment Framework, the company plans to list additional cryptocurrency that meets the regulations of the U.S. market. Dollar based BUSD recently released by Binance US, was not included in the list of assets to be listed.
CEO Catherine Colley of the U.S. Exchange explained that investors who were trading on the Binance U.S.(Binance.com) do not automatically transfer money to the U.S. exchange. And that the money should be transferred directly. A new customer who opens an account on the U.S. exchange of Binance before Nov. 1 can receive a subscription bonus worth US$15.
Binance U.S. steps to go global
Beyond the U.S., Binance has been expanding its exchange business to a variety of places. In January this year, it opened the first exchange in the British territory of Jersey. Where cryptocurrency can be traded with legal money. Investors in Europe and Britain can buy and sell Bitcoin and Etherium in euros, pounds and other currencies through the low-sum, binary exchanges.
It also deals with BINNESS GBP (BGBP), a British pound-based stapler. As a medium that occurs when trading cryptocurrency currencies with legal money, the company is filling the demand for the staples with the Binance GBP.