Binance US has just announced that all trading fees will be lifted for the exchange’s users until Nov. 1. In such a way, Binance wants to “reduce the barriers” to cryptocurrency adoption.
Eyeing the biggest crypto market
Malta-based Binance exchange revealed that it would ban US traders from using its platform due to regulatory scrutiny.
Obviously, the crypto behemoth never planned to give up on the biggest crypto market in the world and swiftly moved with its plan to launch a US-based fiat-to-crypto exchange helmed by former Ripple executive Catherine Coley.
Binance US is set to launch on Sept. 18. At the outset, it will not be available in thirteen states, including New York, Texas, and Washington.
Very few altcoins
Binance has solidified its status as the main altcoin exchange because of a plethora of cryptocurrencies it has listed.
However, Binance US customers will initially have a very meager choice that will be restricted to Bitcoin, top altcoins (Ethereum, Ripple’s XRP, Bitcoin Cash, Litecoin) and USDT Tether.
Coley claims that they will be adding more cryptocurrencies in the coming weeks. As reported by U.Today, Binance earlier revealed the list of altcoins that could be potentially added to its US-based exchange.