Binance Considering Support for 30 Tokens for US Customers

Major cryptocurrency exchange Binance has announced that it is expanding the number of digital assets available to United States-based customers.

Per a blog post published on Aug. 9, Binance is considering support for 30 digital assets on the Binance US marketplace, its cryptocurrency exchange platform accessible to U.S.-based customers.

Major tokens under consideration include Bitcoin (BTC), EOS (EOS), Ether (ETH), Cardano (ADA), Cosmos (ATOM), Basic Attention Token (BAT), Tether (USDT) and VeChain (VET), among several others.

Tokens under consideration for Binance US

Tokens under consideration for Binance US. Source: Medium

Binance is evaluating the above tokens under its Digital Asset Risk Assessment Framework, which it introduced in order to help determine the legal compliance of blockchain projects listed on its platform.

The framework audits five fundamental areas of each project, such as whether it affects Binance US’s ability to comply with certain legal requirements, whether an asset’s market supply and demand are reasonably fair and whether an asset is technologically secure in terms of transactions.

In mid-June, a CryptoPotato report warned crypto enthusiasts living in the U.S. that they will have no trading options for many cryptocurrencies when Binance becomes unavailable for them in September.

In early July, BAM Trading Services, the operator of Binance US, hired Catherine Coley. Coley is a former liquidity management expert at Ripple who will oversee the launch of Binance US and bring BAM’s market to North America.