Binance.US, the United States-based arm of major crypto exchange Binance, will start trading on Sept. 24, offering zero trading fees until Nov. 1.
13 trading pairs
Binance.US will launch 13 fiat-to-crypto and crypto-to-crypto trading pairs, according to a blog post on Sept. 23.
The exchange will purportedly list a second batch of coins soon, following an evaluation period based on its Digital Asset Risk Assessment Framework.
Know Your Customer onboarding already set up
As previously reported, the launch is preceded by Know Your Customer onboarding in order to ensure that users will have time to verify their accounts and deposit funds.
The approaching launch of Binance.US comes the same day that Binance is expected to list another altcoin on its major platform. As announced, Binance will list Tezos (XTZ), the 18th top cryptocurrency by market capitalization, on its platform on Tuesday, enabling three new trading pairs with BTC, BNB and USDT.
On Sept. 19, Binance confirmed its plans to launch its over-the-counter (OTC) trading platform for Chinese yuan in October. China has been one of the most skeptical global jurisdictions towards cryptocurrencies since the government banned crypto trading in Sept. 2017. Since then, OTC trades have become the principal method to buy Bitcoin with fiat money in China.