Binance.US to Open Next Week, How Will it Affect Binance Coin (BNB)?

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

Binance, the largest cryptocurrency exchange has announced that it’s United States platform known as Binance.US will be open for registration and deposits on Wednesday, 18th of September. The announcement was made through social media as well as through the blog post. As for now, six digital currency assets have been listed for trading. Tokens namely Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin cash (BCH), Litecoin (LTC) and Tether (USDT) have been included in the list and are available for trading. It must be noted that Binance’ very own token Binance Coin (BNB) is not mentioned in the list.

Missing of Binance Coin (BNB) from the list clearly means that the coin must be facing some regularity issues. Otherwise, it would not have been missing from the list. As per the announcement, United States customers will be able to register to start from September of 18th which is next Wednesday. If the customers want to cash in their digital currencies, KYC (Know Your Customer) will be needed. Binance.US will also require the users to upload valid government IDs and their social security numbers in order to activate their withdrawal limits.

Binance Coin (BNB) is currently trading at $20.8 against the United States dollar (USD). The coin is showing a negative and downward fall of -3.4 percent in the Crypto market. The market cap of the coin is $3,240,003,831 United States dollar (USD) and the 24 hours trading volume of the coin is $200,110,226 United States dollar (USD). At the beginning of 2019, Binance Coin (BNB) was trading at around $40 against the United States dollar (USD) but now it has fallen to half of its price.

Since Binance Coin (BNB) has not made it to the list it will be a tough time for the coin as the users will move to those altcoins and that digital currency that has got the listing. There is already a tough time for all the altcoins and now their problems have increased for those coins that have not made it to the list as they have to face tough competition from all those coins that have got the listing.

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