Mar 11
Binance Hires Former US Senator to Help Navigate Regulations
Binance is the world’s largest cryptocurrency exchange by volume, but due to regulations, it’s not available in the most Bitcoin-hungry nation on earth, the U.S. In a likely bid to change that, the exchange has wooed Max Baucus, a former Democratic senator from Montana, to join as an advisor on policy and government relations. According to Binance, Baucus will consult with U.S. regulators and legislators on policies that will help grow not only Binance but the broader crypto ecosystem. Baucus,...
May 8
Economic crisis a 'bittersweet' boom for Binance.US, says CEO
While the impact of March’s coronavirus-induced market crash was felt in industries around the globe, the cryptocurrency sector has rebounded with remarkable speed. Bitcoin has quickly recovered from its own crash, with its price briefly touching $10,000 in advance of its block reward halving. Exchanges are reporting significantly increased volumes, while social media activity around Bitcoin is reaching levels not seen since 2018. “I won't say that that's a triumph of cryptocurrency that when t...
Apr 29
Bitcoin halving could lead to longer-term rally, says Binance.US CEO
The Bitcoin halving is drawing ever nearer. It’s an event that’s only occurred twice before, and one that’s taken on a quasi-mythical status for Bitcoiners: a preset measure in the crypto code that halves the amount of Bitcoin awarded per recorded block of transactions. 14 days left until next #BitcoinHalving ▓▓▓▓▓▓▓▓▓▓▓▓▓░ 99% — Bitcoin Halving Countdown (@Bitcoin_Halving) April 29, 2020 The impending event has driven intense speculation throughout the crypto community. Will cutting the suppl...
Sep 23
Binance’s US exchange goes live with seven cryptocurrencies
Binance.US, the American outpost of crypto exchange giant Binance, launched today, offering up seven cryptocurrencies to citizens in 37 states. This marks the exchange’s first official steps into the US, giving it access to a large crypto-focused market. Trading will begin tomorrow at 13:00 UTC. “We believe we are just at the beginning of crypto adoption globally. There is room to grow for every organization in this space, and the industry will continue to get bigger in every country around the...
Sep 18
Binance coin (BNB) rises 11% ahead of Binance.US opening
The price of the crypto exchange Binance's native cryptocurrency Binance Coin rose 11% today, ahead of the launch of the Binance.US registrations page. But once registrations started, the price of Binance Coin dropped from highs of $22.89 to its current value of $22.05. Clearly traders "bought the rumor, sold the news" as the phrase goes. The initial rally may have been caused because, despite previous announcements, Binance.US is listing Binance Coin from the outset. Initially, the coin was on...
Binance.US opens for deposits and registrations
Binance.US, the American arm of crypto exchange behemoth Binance, opened doors to new signups today. Starting 8AM EST, US citizens—depending on what state they’re in—can deposit Bitcoin, Ether, XRP, Bitcoin Cash, Litecoin, USDT, USD into the exchange. First, of course, they’ll have to punch in their social security number and a driver’s license or passport. In addition, Binance Coin will be added to the exchange. This came as a surprise to traders after Binance’s native cryptocurrency was left...
Sep 16
Binance.US to accept deposits Wednesday
Binance.US will start accepting account registrations and deposits for cryptocurrencies from Wednesday 8am Eastern Time, it announced in a tweet last week. Binance.US is the company’s effort to expand into the US, this time with the green-light from regulators. Binance banned Americans from starting accounts, as regulators grumbled that Binance never officially operated in the US. Binance.US, headed by ex-Ripple exec Catherine Coley, is the new, regulator-friendly face of the crypto-exchange’s...
Sep 12
Binance's NYDFS-backed stablecoin starts trading on Paxos
Crypto exchange Binance announced today the launch of its NYDFS-backed stablecoin, BUSD. Binance’s dollar-pegged stable coin is live on Paxos’ platform for US dollar redemption today and will be listed on Binance’s exchange next week. Starting next week, BUSD will be available on Binance’s own exchange for trading against Bitcoin, Binance Coin, and XRP. BUSD was announced last week as part of a partnership with Paxos. It’s Binance’s second stablecoin after BGBP, a stablecoin pegged to the Briti...
Sep 5
Binance creates NYDFS-approved US dollar stablecoin ahead of US launch
Crypto exchange giant Binance has partnered with stablecoin provider Paxos to launch BUSD, a stablecoin backed by the US dollar, it announced in a press release today. It has regulatory approval from The New York State Department of Financial Services (NYDFS) so it can be sold to people living in New York. The coin will start trading on Paxos’ and Binance’s exchange platforms later this month. Paxos will issue the coin and look after the reserves of dollars–and Paxos customers will be able to tr...
Aug 16
Binance US will launch within two months, says CEO
After announcing Binance will launch a service for US customers in June, its CEO Changpeng Zhao has provided a timeline for when the exchange is due to open. "There are a lot of things in flux, but I would say [we'll launch] in a month or two," Zhao said in an interview with news outlet Cheddar, on Wednesday. Binance’s expansion sees the exchange, one of the world’s largest by trading volume, enter the United States, which has gained a reputation for strict regulations, and strict punishments f...
Aug 9
Binance unveils long list of potential tokens to offer on U.S. exchange
Binance might be having trouble with hackers abroad, but it’s coming out swinging in the U.S. The U.S. division of the world’s largest cryptocurrency exchange by volume today revealed the extensive list of assets that the company is considering listing on its platform. In a statement to its users, the company said that it has adopted a Digital Asset Risk Assessment Framework, designed to “help select bona fide blockchain projects with a real chance of making the world more efficient, to provide...