Binance US Has More Liquidity Than Gemini In Only 9 Days
Binance US, the U. S. based version of the most famous crypto exchange in the world, had a great launch. According to data cited by the CEO of Binance, Changpeng Zhao, the American branch of the company saw its liquidity triple in a single week. In fact, the company is said to have more liquidity than the Gemini Exchange at this point, which is certainly surprising.
Despite the very high levels of liquidity, the trading volume of the exchange is obviously still not very high. The platform came out not even two weeks ago, so it’ll obviously take time until there are enough traders to take on the big exchanges of the market.
The comparison shows how far Binance US is when you compare it Coinbase Pro, the institutional version of Coinbase. During a single day, Coinbase Pro has a volume of $152 million USD. The international version of Binance, however, is able to be even more successful, with a daily volume of $740 million USD.
Right now, Binance US has 28 trading pairs. Some of them are based on USD while others are paired against Bitcoin or USDT (Tether).
The company offers Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Stellar Lumens (XLM), Binance Coin (BNB), Ripple (XRP) and Tether (USDT) as choices. The CEO of the company recently affirmed that more assets would be launched soon.