The leading cryptocurrency exchange Binance has made further progress with its Binance US exchange. Just about two months back on June 14, the exchange announced its partnership up BAM Trading Services Inc. to launch trading services for its users in the United States.
The idea was to launch a US extension of Binance with a focus on the trading of mainstream cryptocurrencies with liquidity. Following this news, Binance announced that it will no longer permit US citizens to sign for its global Binance.com service, effective from September 12.
Now, the exchange is giving a peek into the “exciting developments” coming soon for Binance US.
For this, the exchange is currently evaluating 30 cryptocurrencies for listing including ADA, ATOM, BAT, BCHABC, BNB, BTC, DASH, EOS, ETC, ETH, HOT, IOTA, LINK, LOOM, LTC, MANA, NANO, NEO, PAX, REP, RVN, TUSD, USDC, USDT, VET, WAVES, XLM, XRP, ZIL, and ZRX.
As part of the legal obligation, Binance US is adopting a,
“Digital Asset Risk Assessment Framework to help select bona fide blockchain projects with a real chance of making the world more efficient, to provide transparency in our listing standards, and to ensure Binance US’s compliance with applicable legal requirements.”
Under this framework, it will examine each digital asset for different factors including a clear strategy to solve a real problem, reasonability fair market supply, and demand, and if it is technologically secure to transact.