The largest cryptocurrency exchange Binance has declared that it will discontinue assisting US customers and corporate clients on Binance.com.
Only yesterday it was announced that Binance in the US will launch its own crypto exchange, Binance.US. The company will then compete with crypto exchanges such as Poloniex, Kraken or Coinbase. It is not yet known when the US branch will start operating.
From a Twitter post, it says that the control is tightened to meet the strict rules in the US.
The Binance CEO, Changpeng Zhao, also tweeted that you have to accept short-term pain in order to achieve long-term success.
Alex Krüger, a well-known trader on the scene, believes that around 25-30% of US citizens will move from binance.com to binance.us, which could reduce demand for the BNB coin. Today, the BNB coin has fallen by 6%.
Just a few days ago, Binance had listed Fantom (FTM), a DAG-based smart contract platform. The exchange will start trading for FTM/BNB, FTM/BTC, FTM/USDT, FTM/TUSD, FTM/USDC and FTM/PAX trading pairs at 2019/06/11 4:00 AM (UTC). People can now commence saving FTM in the compound for trading.
In the month of April 2019, Binance delisted Bitcoin SV. The reason behind this decision was the Bitcoin SV no longer satisfy the rules outlined by Binance. The exchange announced that the step was a part of its reviews of the digital assets it selects to list and whether they meet particular standards implemented by the company.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.
You might also like
More from Cryptocurrency Exchanges
The past six months have been rough for the Crypto Industry with seven crypto exchanges witnessing large-scale hacking attacks costing …
Cryptocurrencies could be facing the greatest regulatory threat as the G20 meeting of finance ministers and central governors are coming …
Bittrex US, a U.S.-based digital asset trading platform has announced that it will deslist 74 tokens in the month of …