US Subsidiary of Binance Lists Crypto Dogecoin For Trading
The US subsidiary of Binance i.e., Binance.US intends to list Dogecoin (DOGE), as per an official blog post by the company. The users of Binance.US were able to speculate on DOGE/USDT pair from 09:00 p.m. EST yesterday.
However, prior to that they were able to deposit the coin. Withdrawals ere facilitated only after the trading was launched.
On September 24, Binance.US became operational by facilitating fiat-to-crypto and crypto-to-crypto trading. The trading pairs were made up of prominent cryptos such as Bitcoin (BTC), Binance Coin (BNB), XRP, Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Tether (USDT).
The US subsidiary also started enrolling and verifying residents of Puerto Rico. Of late, the cryptocurrency exchange revealed that it holds US dollar deposits in pooled custodial accounts at various banks that are insured by the Federal Deposit Insurance Corporation, the US government organization that guarantees the funds of citizens deposited in banks.
Notably, on Wednesday, Binance.US surpassed $10 million in daily trading volume. Binance is getting ready to extend its token offering with the listing of Blockstack (STX), the first crypto token offering to obtain the go-ahead from the US SEC (Securities and Exchange Commission) and conduct a $23 million investment round under Regulation A+.
Furthermore, the exchange stated that it will soon begin supporting Russian ruble.