The renowned Binance exchange has featured in the newsletter of various news media recently for its new ads, and it seems that it does not plan to stop.
We are just days from the launch of Binance related projects including a trading platform for the United States, a stablecoin and a platform for trading futures.
The new crypto exchange project, BUSD, in contribution with Paxos Trust Company, will be available to users of the exchange the week of September 16. Yes, next week!
The official launch was communicated by Paxos co-founder Rich Teo today at the Invest: Asia conference. In this way, next week crypto exchange users will be able to operate BUSD against Bitcoin, Binance Coin and XRP. Recall that this is not Binance’s first experience with a stablecoin, in fact, it is the second one being the first BGBP, a stablecoin linked to the pound sterling.
“We coined the first batch of US dollars from Binance. It will be available to operate from next week [against] some trading pairs such as BTC and BNB, ”Rich Teo said during the event.
In the end one of the most interesting aspects of this stablecoin is that it has been one of the few approved by the New York Department of Financial Services.
Through a company blog post, it was announced that Binance US will be available for registrations and deposits starting next week (September 18th).
In fact, as of today, users of the crypto ecosystem residents of the United States will not be able to deposit or trade at Binance.com. Recall that the main reason for the measure was to ensure full regulatory compliance.
According to Binance CEO Changpeng Zhao, Binance US will have the same speed and liquidity as Binance.com
Therefore, the new crypto exchange will begin accepting deposits from BTC, ETH, XRP, BCH, LTC and USDT as of Wednesday, September 18, 2019 at 08 a.m. ET.
From the date indicated, users can go to the Binance.US platform and start their registration processes. First, they must register a personal account, verify their identification data and make an initial deposit in cryptocurrencies to start operations once it starts.
Then the crypto exchange will be in charge of informing its customers when they will be able to start operating in their market. It is worth bearing in mind that, Binance US will not have an operation in New York due to the regulatory requirement BitLicense that has caused many headaches to a pair of crypto exchanges.
Tomorrow’s Binance futures platform will be available to all crypto users, according to a statement from the exchange.
So far it seems that the platform has been successful, because, as we discussed earlier in Bitcoin.es, it was reported that it had experienced a volume of $ 150 million in just 24 hours, and this despite the fact that it was not available to all users .
It should be noted that Binance Futures will offer a 50% discount on the trading rates of the new futures platform during the first 3 months. Not to mention that, those users who participated in the Battle for Binance Futures competition and voted for Futures A will enjoy an additional discount.