Binance Set to Open Beijing Branch as China Goes Pro-Blockchain

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Binance Set to Open Beijing Branch as China Goes Pro-Blockchain
Reports currently have it that the Binance exchange is making plans to open a new office in Beijing but the information is not officially confirmed yet.
Binance Set to Open Beijing Branch as China Goes Pro-Blockchain

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Source: CoinSpeaker

Binance US Lists Cryptocurrency that Surged Nearly 100% Last Week

The San Fransisco registered division of Binance has announced the addition of NEO and Cosmos (ATOM) as their 22nd and 23rd cryptocurrencies.
As stated,
Trading for the NEO/USD, NEO/USDT, ATOM/USD, and ATOM/USDT trading pairs will open on October 31, 2019, at 9:00 pm EST /6:00 pm PST.
NEO/USD 1-Day Chart on Huobi (TradingView)
NEO gained enormously after the Chinese President announced the nation’s interest in becoming a blockchain leader.
The announcement had a historical affect on Bitcoin’s price. It was even more beneficial for some cryptocurrencies famous in China, like NEO and Tron [TRX]. While Tron still awaits listing at the US wing, NEO has taken the lead on that.
NEO gained nearly 100% following Xi Xinping’s speech. The price of NEO is still trading above 60% from its low at $6.6 on 23rd October.
The price of NEO at 3: 15 hours UTC on 31st October 2019 is $10.75. It is trading 3.3% higher on a daily scale. The price seems to be facing resistance from the 200- daily moving average at the moment.
Entry in the US Limited?
While Binance.com supports which serves customers globally lists a plethora of cryptocurrencies, Binance in the US does not have the freedom. NEO and ATOM will be only the 22nd and 23rd listed currency on their platform. Top cryptocurrencies like EOS, XRP, Bitcoin Cash [BCH], and Tron are still not added to Binance US.
Moreover, Poloniex will spin out of Circle and US from 1st November 2019.  The regulatory agencies in the US have made it tough for exchanges as Bittrex and Poloniex have also made considerable changes to their platform.
Hence, it seems like Binance is ahead in dodging the regulatory hurdles to enter the US markets. The leading cryptocurrency exchange recently also enabled futures and lending on their global platform.
Do you think the markets will see another altseason as adoption begins to increase? Please share your views with us.  
The post Binance US Lists Cryptocurrency that Surged Nearly 100% Last Week appeared first on Coingape.
Source: CoinGape

Binance to Introduce First Fiat-Crypto Trading Pair with Russian Ruble

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Binance to Introduce First Fiat-Crypto Trading Pair with Russian Ruble
Binance CEO Changpeng “CZ” Zhao announced that they are preparing for launching fiat options, including the Russian ruble.
Binance to Introduce First Fiat-Crypto Trading Pair with Russian Ruble

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Source: CoinSpeaker

Binance Announces Market Maker Program to Bring More Liquidity to the Platform

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Binance Announces Market Maker Program to Bring More Liquidity to the Platform
According to Binance, market makers participating in the program can enjoy trading fee reductions as well as higher API limits, and fees will be assigned based on their score rankings.
Binance Announces Market Maker Program to Bring More Liquidity to the Platform

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Source: CoinSpeaker

Bitcoin Price Tanks Below $8000 in Another Market Bloodbath

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Bitcoin Price Tanks Below $8000 in Another Market Bloodbath
Bitcoin price fails to hold the $8000 level support and slips below as the mounting selling pressure hint towards further downside ahead in the short term.
Bitcoin Price Tanks Below $8000 in Another Market Bloodbath

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Source: CoinSpeaker

Binance US initiates registrations for Puerto Ricans

In a bid to build an “inclusive ecosystem”, US arm of leading cryptocurrency exchange Binance announced opening account registrations and verification services for Puerto Rico residents on Sunday, 29th September. The official release stated: “New accounts will receive a $15 USD welcome bonus after trading $100 USD in volume [buy and/or sell, any pairs] and […]
The post Binance US initiates registrations for Puerto Ricans appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Exchange Giant Binance Finally Launched US Trading

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Crypto Exchange Giant Binance Finally Launched US Trading
Today, on September 24, crypto exchange giant Binance has announced the launch of its arm in the U.S. market. Binance.US is finally opened.
Crypto Exchange Giant Binance Finally Launched US Trading

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Source: CoinSpeaker

Binance.US Launches Digital Asset Marketplace and New Gateway to the Crypto World for Americans

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Binance.US Launches Digital Asset Marketplace and New Gateway to the Crypto World for Americans
New U.S. digital assets marketplace launches with a fiat on-ramp, free trades for BTC, ETH, XRP, BCH, LTC, USDT, and BNB, with additional developments to bring an inclusive ecosystem.
Binance.US Launches Digital Asset Marketplace and New Gateway to the Crypto World for Americans

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Source: CoinSpeaker

Binance Invests Into Crypto-Data Website Mars Finance Pushing Its Valuation Past $200M

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Binance Invests Into Crypto-Data Website Mars Finance Pushing Its Valuation Past $200M
For Binance, Mars Finance is the first strategic investment in China since 2017, when Beijing banned digital coin trading and the exchange withdrew from this market.
Binance Invests Into Crypto-Data Website Mars Finance Pushing Its Valuation Past $200M

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Source: CoinSpeaker

Will Binance.US Launch Bring in Benefits for All Traders? A Realistic Take

Binance is all set to launch its United States-based branch Binance.US. 
Strict KYC Procedures
Per a medium post published by Binance.US, the launch of the platform is expected in the upcoming weeks. Reportedly, KYC procedures will start a few days earlier. This will give users ample time to get their accounts verified and deposit their funds.

Yesterday, the @binance Futures Testnet trading competition ended. The team is busy deploying the production environments now. Coming online soon, tmr-ish. Another productive weekend.
— CZ Binance (@cz_binance) September 8, 2019

For completing the onboarding process, customers will be required to provide a valid government ID. It can be their passport, driver’s license or their social security number. The list of states where Binance.US will be available is not yet finalized. However, it will be released before the starting of the process.
From the CEO’s Desk
On July 2, 2019, Binance announced that Catherine Coley, the former head of XRP institutional liquidity at Ripple, had been appointed as the company’s CEO.
Coley said:
“I am honored to lead BAM and bring Binance.US to North America. […] This is just the beginning of a long journey ahead, and I look forward to working with Binance as a partner to unlock more potential for the blockchain ecosystem here in the U.S.”
Of the approximately 160 cryptocurrencies listed on its main platform, Binance has announced that 30 cryptos will be listed on Binance.US. These include the top eight cryptocurrencies— Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCHABC), Litecoin (LTC), Binance Coin (BNB), Tether (USDT) and EOS.
Is Binance Trying To Cover Up for Closing US Trading?
Binance updated its terms of use on June 14 to exclude trading on the platform in the U.S., which came shortly after its announcement of a U.S.-exclusive fiat-to-crypto exchange.
On the event, Binance CEO Changpeng Zhao (CZ) remarked
 “Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain.”
With that being said, it seems that Binance.US will not be very profitable for crypto traders but would bring profits for “futures” traders. Are all the recent updates just a facade to cover up for Binance’s earlier decisions? Let us know, what you think?
The post Will Binance.US Launch Bring in Benefits for All Traders? A Realistic Take appeared first on Coingape.
Source: CoinGape

Binance CEO Denies “November” Rumor on Binance U.S. Launch

Binance CEO, Changpeng Zhao was recently quoted by crypto-media sites on the tentative launch of its US branch. CZ told Cheddar that, while the situation is still “in a flux”, the platform can be expected to go live “in a month or two.”
Numerous media outlets chose to draw a timeline and took the safe side. Since, its already mid-August and he said, “a month or two”, reports around its launch in ‘November’ started spreading like a virus.
Nevertheless, outlets can’t be blamed for the situation as well. Binance U.S. twitter account and Catherine Coley from Binance U.S. re-tweeted Cheddar’s report which iterated the same fact.

Now you know I meant it when I said I was busy. Thanks for your patience! https://t.co/PkJ1U1wYt3
— Catherine Coley (@cryptocoley) August 16, 2019

However, CZ has chastened the crypto media websites for creating news for a November launch. He said,
I never said November… Gotta love how interpretations (or misinterpretations) become “news”.
Moreover, while we haven’t received any further details from him or Catherine on the tentative dates. The flow of things suggests that the launch might be much sooner than November.
The U.S. has put stringent regulation for the operation of Exchanges. While things were unclear in the past, CZ stated that it has improved a lot. He also added,
“We want to be fully compliant. Before we didn’t feel we had the experience to do that but now we have our partners so we want to take this opportunity to explore the market.”
Binance U.S. is expected to add 30 cryptocurrencies, while Binance’s international division currently lists about 150 coins. Trading will be limited to the entire of US, expect New York for now. Binance is yet to procure the BitLicense from NYDFS.
Do you think Binance U.S. will be launched alongside Bakkt? Please share your views with us. 
The post Binance CEO Denies “November” Rumor on Binance U.S. Launch appeared first on Coingape.
Source: CoinGape

Ex-Ripple Boss Catherine Coley Joining Binance.US as Their CEO

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Ex-Ripple Boss Catherine Coley Joining Binance.US as Their CEO
Binance.US onboarded former Ripple executive Catherine Coley as its new CEO. Coley, who worked as the head of XRP Institutional Liquidity at Ripple, will manage the launch of Binance.US and BAM’s North American market expansion.
Ex-Ripple Boss Catherine Coley Joining Binance.US as Their CEO

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Source: CoinSpeaker

Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens

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Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens
Even though Binance currently gets approximately 15% of traffic from U.S. customers, they announced that they will stop serving US individual and corporate customers on Binance.com in September.
Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens

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Source: CoinSpeaker