Welcome to Binance.US: Trading Without the Fees!
If you’re a fan of cryptocurrencies, grab your virtual party hat! Binance.US has announced the launch of trading on September 24, and what’s on the table? Zero trading fees until November 1. Talk about a grand opening, right? It’s like having your cake and eating it too—only in this case, the cake might be made of Bitcoin and Ethereum!
The Stellar Line-up: 13 Trading Pairs
The exchange isn’t stopping there. Binance.US is rolling out 13 trading pairs that’ll make even your grandma nod in approval. The lineup includes heavyweights like:
- Bitcoin (BTC)
- Ether (ETH)
- XRP
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Binance Coin (BNB)
- Tether (USDT)
With this diverse set of trading pairs, you might want to think twice before diving into your favorite one. But hang tight, as there’s talk of even more coins coming soon, thanks to a rigorous Digital Asset Risk Assessment Framework ensuring you won’t be getting any stinky surprises.
Know Your Customer? You Bet!
Your ID is not just for show! Binance.US is kicking things off with a sturdy Know Your Customer (KYC) onboarding process. That means by the time the doors open, they’ll have ensured that users can verify their accounts and deposit funds. This should help ease any worries about fraud—because let’s face it, nobody wants their hard-earned crypto to go poof!
Big Moves on the Main Stage
Coinciding with the Binance.US launch, Binance is not missing the beat either. They’re also expected to list Tezos (XTZ) on their main platform. That’s right! You’ll be able to trade Tezos, earning you bragging rights at your next crypto meet-up. Alongside BTC, BNB, and USDT, this brings more options for shrewd traders looking to diversify their portfolios.
Catching Up with China’s Crypto Scene
Now, here’s where it gets interesting. Binance has confirmed plans for an over-the-counter (OTC) trading platform for the Chinese yuan, scheduled for an October launch. Given China’s history with crypto—where trading has been more “off-limits” than the sequel to your favorite movie—this might open new doors. Since the 2017 ban on crypto trading, OTC trades have become the cooler, underground way to buy Bitcoin with fiat in China. The opening of this platform could provide a fresh breath of air in a heavily regulated market.
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