Binance USD

Binance, the world’s largest cryptocurrency exchange, has been on a rampant march in terms of developments and updates with the Changpeng Zhao led organization, ensuring that it has its foothold across multiple regions. The exchange’s United States division, Binance US, had met with a lot of trepidation earlier for launching an entirely new platform, but that does not seem to have caused the company to veer off course.

Today, on October 22nd, Binance US announced that it would be listing both BUSD and IOTA on its platform. IOTA’s official handle tweeted:

“#Binance US will list #BUSD and #IOTA. Trading for BUSD/USD, BTC/BUSD & IOTA/USD trading pairs will open on October 22nd, 2019, at 9:00pm EST / 6:00pm PST. This is the first time Americans can buy IOTA legally through a regulated United States exchange.”

Binance US has stated that the platform will offer unwavering performance with a matching engine that can support up to 1.4 million orders per second. The cryptocurrency exchange also informed users that it would be adding more tokens later by claiming:

“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.”

The announcement from Binance had had a minuscule effect on the prices with IOTA receiving a 1.14 percent bump in prices, causing it to trade for $0.27. The cryptocurrency held a 24-hour market volume of $7.64 million, a figure that was the second-lowest in the top 20 cryptocurrency club.

Binance USD [BUSD], on the other hand, was trading for $1 after a 0.34 percent fall in the 24-hour spectrum. BUSD held a total market cap of $11.04 million and a 24-hour volume that was more than the market cap at $11.334 million.

Binance was also in the news when Zhao revealed that the Russian Ruble would be the first fiat-crypto trading option that will be available to the public. According to Zhao:

“We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian ruble trading, direct.”

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.