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Binance US Launching in Matter of Weeks As Company Reveals Strict KYC Requirements

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Binance says the launch of its US-based crypto exchange is on the horizon.

In a new blog post, the company says Binance US will go live in the “coming weeks.” The exchange will have strict know-your-customer (KYC) requirements for its users.

“KYC will be required for trading on Binance.US. Setting up a new account will require a valid government ID (driver’s license or passport) and social security number (SSN) to register for access to the Binance.US marketplace, available in most US states.

We are finalizing the list of states where we will start to roll out service to users and will release this list before we begin onboarding customers.”

Binance says it plans to launch iOS and Android apps for the exchange, but they won’t be available on day one.

To make its entrance into the US a reality, Binance has partnered with a firm called BAM Trading Services, which will operate the new US-based exchange.

BAM hired Ripple’s former head of XRP institutional liquidity, Catherine Coley, as its CEO. Coley’s primary role is to manage the launch of the new digital asset marketplace.

Binance says it’s considering 30 crypto assets for Binance US. Five coins in the top 20 by market cap are absent from the list: Bitcoin SV, Monero, Tron, LEO and Tezos.

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Binance partners Amun to list BNB token on Switzerland’s SIX exchange

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Malta-based cryptocurrency exchange giant Binance has announced its partnership with Swiss firm Amun AG, an issuer of cryptocurrency exchange-traded products (ETPs), to launch a BNB ETP on the SIX Swiss Exchange’s regulated segment, with trading to begin today. Binance CEO Changpeng Zhao welcomed the announcement and said,

“Our partnership with Amun in launching the BNB ETP will provide investors with a new and regulated asset class with a unique dimension to utility tokens, making them more accessible and reliable through a traditional financial infrastructure. This will provide traditional investors access with diversified exposure and segue into the global cryptocurrency market and its innovative products.”

While BNB was initially created to pay for transaction fees on Binance exchange, it has since become a utility token with various use cases across several global blockchain ecosystems. With a market cap of over $2.5 billion, BNB is currently ranked as the 8th largest crypto-asset in the world.

To make it more accessible to wider institutional and retail markets, the BNB token is wrapped inside a traditional financial structure by the ABNB ETP, which is issued by Amun and administered on its Onxy platform. Hany Rashwan, CEO of Amun AG, commented,

“It’s been tremendous to watch the fast ascent of Binance from its humble launch in 2017 to the leading position it commands today. We are so excited to partner up with the world’s largest crypto exchange and make their native token accessible to institutional and retail investors in the most secure, cost-effective and regulated Swiss exchange-traded product.”

As of now, Amun has issued 7 other ETPs with cryptocurrencies forming the underlying asset, including Bitcoin, Ether, XRP and Bitcoin Cash. 

Source:ambcrypto

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Binance Includes XRP and BUSD to Supported Interoperable Tokens List

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Binance, the leading global cryptocurrency exchange has announced the issuance of BEP2 versions of digital coins- XRP and BUSD on its highly reputed Binance Chain.

By lending support to XRP and BUSD through their addition in the list of supported interoperable tokens, the platform has now enabled users to enjoy deposits and withdrawals of interoperable tokens to their opted networks via the exchange’s web interface with utmost convenience.

About BEP2 XRP Token:

The XRP-BF2 will work as a pegged token which will help in tracking down the value of the native digital asset currency of the XRP ledger system. Having supported by XRP assets in the 1:1 ratio, XRP-BF2 token is launched on Binance Chain (BEP2) and will be tradeable on Binance DEX. XRP ledger’s native coin XRP and BEP2 XRP are synchronized and are bidirectionally convertible in nature.

About BEP BUSD:

The US-denominated stablecoin, BEP USD is issued in collaboration with Paxos Trust Company. The coin has received approval from the New York State Department of Financial Services (NYDFS). On the Binance Chain, BUSD is present for direct purchase as well as redemption at a price of 1 BUSD= 1 USD. It is now available as both an ERC-20 token as well as a BEP2 token.

Source.cryptonewsz.

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Top 3 Kryptowährungen der Woche: ChainLink, Binance Coin und Ripple

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Es liegt eine insgesamt erfreuliche Woche hinter den Anlegern am Kryptomarkt. Viele der 20 wertvollsten Kryptowährungen der Welt notieren gegenüber der Vorwoche im Plus. Einen besonders starken Kursanstieg verzeichneten in dieser Woche die folgenden Altcoins:

Euphorie herrscht derzeit bei Anlegern von ChainLink. Der Altcoin hat eine fabelhafte Entwicklung genommen und kommt in der Sieben-Tage-Analyse auf einen Kursanstieg von rund 30 Prozent. Von 2,08 Dollar am vergangenen Sonntag ist der Kurs inzwischen auf 2,56 Dollar gestiegen. Allerdings ging es am zurückliegenden Handelstag wieder leicht abwärts. Das Tagesminus lag bei knapp vier Prozent. Gegenüber dem Wochenhöchststand von 2,92 Dollar am 9. Oktober ist der Altcoin-Kurs wieder um mehr als 12 Prozent abgesackt. Dennoch bleibt es eine überaus positive Woche für Anleger. Die Marktkapitalisierung ist auf rund 931 Millionen Dollar angestiegen. Im Krypto-Ranking belegt ChainLink nun Platz 14.

Platz 2: Binance Coin

Besonders starke Kurszuwächse verzeichnen in dieser Woche auch Anleger des Binance Coin. Derzeit notiert der BNB-Kurs bei 17,95 US-Dollar und erreicht damit zugleich den Bestwert der gesamten Woche. Gegenüber knapp 15 Dollar am vergangenen Sonntag ist der Kurs um mehr als 14 Prozent gestiegen. Auch das Momentum spricht für das Investment. Innerhalb der letzten 24 Stunden ging es um mehr als 5,5 Prozent nach oben. Mit einer Marktkapitalisierung von rund 2,79 Milliarden Dollar rangiert Binance Coin auf dem achten Platz. Die Kapitaldecke ist allein binnen des letzten Tages um rund 143 Millionen Dollar angewachsen.

Platz 3: Ripple

Auch Ripple-Anleger dürfen sich diese Woche entspannt zurücklehnen und ihre wachsende Rendite beobachten. Von gut 0,25 Dollar steigt der Kurs nun in Richtung 0,28 Dollar. Derzeit beträgt das Plus in der Sieben-Tage-Betrachtung 10 Prozent. Damit performt Ripple derzeit besser als die davor platzierten Kryptowährungen Bitcoin und Ethereum. Die Marktkapitalisierung ist auf mehr als 12 Milliarden Dollar angewachsen. 200 Millionen Dollar Kapital sind in den letzten 24 Stunden hinzugekommen.

Source kryptoszene.

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