Binance US Aims To Add 30 Cryptocurrencies Prior To Launch

Binance US aims to add new crypocurrencies to its new platform prior to the launch while the US users are getting blocked from the original Binance.com platform as we can read in the altcoin news below.

The Malta-based cryptocurrency exchange is now going full speed ahead the launch of the new Binance US platform. In order to make the dream into reality, the exchange created a so-called ‘’Digital Asset Risk Assessment Framework’’ and this framework is considering up to 30 different cryptocurrencies projects to the list. According to the announcement, Binance US revealed which projects will be added including: Cardano, Cosmos, Bitcoin Cash, BAT, Binance Coin, Bitcoin, EOS, Dash, Ethereum Classic, Ethereum, IOTA, Chainlink, Loom Network, Litecoin, Decentraland, Augur, TrueUSD, Stellar, XRP, Zilliqa, Waves, VeChain.

Of course, it is still not clear whether all of these projects will be available from day one and its competitors such as Coinbase have revealed the new projects on their own blog with a long list as well. What makes noticeable on the Binance US platform is the first time that an American cryptocurrency platform has officially revealed that it’s looking into listing Binance Coin. The platform also lists successfully the BNB coin look for others like Coinbase and Gemini to potentially follow suit. This doesn’t represent an end to Coinbase but could herald a beginning of the toughest competition that the exchange had to face. Coinbase also dominated the US exchange scene so this could be an interesting competition afterall.

As Binance US explained in their announcement, the platform’s leadership provides a rich selection of cryptocurrencies stating:

 “Just as few could have foreseen the rise of social media when the Internet emerged decades ago, the most revolutionary digital assets built upon distributed ledgers are likely yet to be conceptualized. It is with this vision in mind that Binance US strives to be a reliable and efficient marketplace for a rich selection of high-quality digital assets, so that our users can be part of the open and competitive market that discovers projects with true utility.”

As reported in the latest cryptocurrency news, Binance US comes days after Coinbase revealed the addition of eight other cryptocurrencies and revealed it was also exploring the listing for the projects Dash, Ontology, Cosmos, Decred, Algorand and Harmony and Matic.