Binance.US Opens Up Buying Cryptocurrency Options by Allowing Debit Card Purchases
- The daily volume on Binance.US jumps to $15 million
- Apart from ACH and bank wire, users can now buy Bitcoin and 23 other cryptos with debit cards
In its opening month, Binance.US made new records, with the volume surging past $10 million, when the leading cryptocurrency recorded a 42% increase in price.
San Francisco-based exchange has gained momentum in the first month, as such the daily trading volume of the Binance’s American digital asset marketplace has jumped to $15 million, shared the leading cryptocurrency exchange on Nov. 1.
The token listings on the exchange have also increased from just starting with seven to now 24 viz. Bitcoin (BTC), BNB, Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USDT), Algorand (ALGO), Basic Attention Token (BAT), BUSD (BUSD), Cardano (ADA), Chainlink (LINK), Cosmos (ATOM), Dash (DASH), Dogecoin (DOGE), Ethereum Classic (ETC), IOTA (IOTA), NEO (NEO), Ravencoin (RVN), Stellar (XLM), Waves (WAVES) Zcash (ZEC), and 0x (ZRX).
This brings the total tally of trading pairs to 40 for US users.
Also, now Binance.US users can buy cryptocurrencies on the exchange using debit cards. This is another addition to the existing payment systems that include ACH and bank wire for USD on-ramps and off-ramps.
Launched in late September, Binance.US currently serves 37 states and Puerto Rico and further seeking license to service the remaining of the states in the US.
“This is just the beginning. We want our marketplace to stand out as an easily accessible, educational platform for anyone looking to participate in this global movement,”
said Catherine Coley, CEO of Binance.US.
Earlier this month, the exchange also increased its ACH (Automated Clearing House) limits for USD deposits and withdrawals to $30,000.
The USD deposits on the platform are also made eligible for FDIC insurance coverage to a limit of $250,000. This coverage protects depositors against the risk of loss in the event of an FDIC-insured bank fails.
“Beyond a means of asset exchange, Binance.US aims to help users access, evolve, and be in control of their own personal wealth,”