- Binance.US already has 20 listed coins
- The US subsidiary was opened due to prevailing regulatory challenges
- The exchange will continue evaluating coins
Binance cryptocurrency exchange has announced it will list Dogecoin to its list of altcoins. The new trading pairs will list on Binance.US, the exchange’s US-Based subsidiary designed to specifically meet the United States’ regulatory standard.
Twenty Cryptocurrencies Listed
The world’s leading cryptocurrency exchange by trade volumes announced via a press release on October 24, 2019, that deposits were live and already trading for the DOGE/USD beginning October 24 at 9:00 PM (EST).
Binance.US was launched last month and has been increasing its listing of new altcoins with the exchange adding BUSD and IOTA (IOTA) trading pair a few days ago. The US-based subsidiary of Binance now boasts of twenty cryptocurrencies listed across USD, USDT and BTC markets.
The exchange is offering to trade against three base currencies – USD, BTC, and USDT – but most of the coins are paired against the fiat. In order to celebrate the launch, Binance.US is offering users a bonus of free trades until November 1, 2019, besides a $15 referral bonus.
Continue Evaluating Coins
DOGE was launched in 2014 and entered the crypto world as the coin that would pay homage to popular internet memes and made the Shiba Inu dog breed as its face. Unlike many other cryptocurrency projects. DOGE’s value skyrocketed during the crypto boom OF 2017 and showed the world the speculative nature of the cryptocurrency market. The coin is currently valued at $0.0025 and according to CoinMarketCap.com, it has a total market cap of over $306 million, at the time of writing. The announcement stated:
“Binance.US is a fast and efficient marketplace providing access and trading across a diverse selection of digital assets. We will continue evaluating coins, tokens and trading pairs to offer on Binance.US in accordance with our Digital Asset Risk Assessment Framework, community feedback, and market demand.”
A Slew of Listings
Binance founded the US subsidiary of the leading cryptocurrency exchange in September following the regulations that led to the banning of US-based customers in June.
The process of customer onboarding started in September and what followed has been a slew of listings that included bitcoin, Ethereum, XRP, bitcoin cash, litecoin, and tether besides IOTA, algorand (ALGO), ZCash (ZEC), and dash (DASH).
The announcement hasn’t had a serious impact yet on the coin’s value, which could be because the move only changes things for Binance’s U.S. customers.