Another crypto exchange has listed the hottest asset of 2019 so far: Binance Coin (BNB). The crypto exchange KuCoin recently affirmed that it was listing the token on the following trading pairs: BNB/BTC (Bitcoin) and BNB/USDT (Tether). The announcement was made on Twitter.
You can already deposit your money in order to start trading at 16:00 UTC+8 today. Trading is set to begin at 18:00 UTC+8 today.
Binance Coin (BNB) is now on KuCoin. Supported trading pairs include BNB/BTC and BNB/USDT. Deposits will open at 16:00 on June 19, 2019 (UTC+8), trading will start at 18:00 on June 19, 2019 (UTC+8) and withdrawal will open at 18:00 on June 21, 2019 (UTC+8).#KCS #BNB #BTC #USDT pic.twitter.com/e4NxFmTEgg
— KuCoin Updates (@KuCoinUpdates) June 19, 2019
Binance Talked About New Listing
The CEO of Binance, Changpeng Zhao, affirmed that KuCoin made a really smart move by starting to support the token. According to him, this could bring many benefits to the exchange and will help KuCoin to grow.
He also affirmed that now the KuCoin users will have access to some of the projects on the Binance Launchpad now and that some of the traders that are not serviced by Binance at the moment will be able to use the exchange in order to trade tokens.
While this seems somewhat arrogant, the truth is that Binance Coin was the token that grew the most in price this year, growing more than even something such as Bitcoin.
In the thread of the announcement post, some users asked whether KuCoin would also list Binance in return or if the company would not do it. The answer was simple: if KuCoin migrated to the Binance Chain, then the token would probably be listed. Otherwise, the chances were not looking so good.
Binance Continues Its International Expansion
This is another important key move for the expansion of Binance, which is getting some important ground lately. The company is expanding its services and catering to more users these days than it used to do before.
Another important step for the company is to set up a U. S. branch that can be compliant with the local legislation. In order to do it, the company is, unfortunately, planning to ban U. S. users from using its services. From September onwards, people based in the country will not be able to trade anymore, as the company will operate legally in the country.
This brings major positive and negative aspects to local users as they will be required to pass harsher whitelisting processes in order to be accepted.
Binance is also said to be preparing to launch some stablecoins. One of them is set to be pegged to the Great Britain Pound (GBP).