Back in September, Malta-based cryptocurrency exchange Binance stepped into the United States market again, with the launch of Binance.US, a platform led by Catherine Coley. During a recent Ask Me Anything [AMA] session, the CEO of Binance’s U.S-exclusive arm, Catherine Coley, elaborated on the developments in the Binance.US ecosystem, while tending to queries posted by viewers.
Binance.US started off with only seven cryptocurrencies, including Bitcoin [BTC], Ethereum [ETH], XRP, Bitcoin Cash [BCH], Litecoin [LTC], Tether [USDT], and Binance’s native cryptocurrency, BNB. These assets were available for trading with only USD and USDT. However, BTC soon made the list as well. Coley stated that the platform currently supports about 25 cryptocurrencies, with the latest one being NANO. Earlier today, Binance.US also announced the addition of NANO onto its platform against USD.
“Our emphasis was on rolling out new offerings against the US dollar. However due to the lack of on-ramps available in the US for certain projects. We were keen on making sure we were allowing dollar on-ramps and at that point, we held back on BTC pairs.”
Coley went on to highlight that several customers have expressed their interest in crypto to crypto trading pairs and the platform is looking into assets that are recording solid volume on trading against BTC.
Further, Coley had previously asserted that the platform intends to reduce adoption hurdles and thus, functioned with zero trading fees for a while. Coley revealed that the platform is trying to refrain from making customers pay high fees, while also announcing a 25 percent discount on trading fees for holders of BNB. Additionally, the platform will have discounts on Black Friday, as well as Thanksgiving, she added.
Additionally, since the Binance.US is limited to web interface users only, the platform has received several complains regarding the absence of a mobile application. Coley assured the community that the app is on its way. She said,
“Stay tuned for the app! It will be coming soon because it’s such an important part of our lives now.”