Binance US Handles $759 Million in Trades in Its First 50 Days
Binance’s American partner exchange, Binance.US, is off to a decent start since launching at the end of September.
According to the exchange’s CEO, Catherine Coley, Binance US has processed $759 million in trades in its first 50 days.
Extremely proud of @BinanceAmerica and its fiat partner @PrimeTrustCo for building out the most user-focused crypto access in the US. Within 50 days, $759M USD of trades have been settled! Looking forward to the continuing success of the partnership! #ThisIsJustTheBeginning 🇺🇸
— Catherine Coley (@cryptocoley) November 16, 2019
In October alone, Binance.US saw multiple consecutive all-time highs in trading volume on the back of Bitcoin’s move from $7,400 to $10,500. The exchange hit a single-day high of $32.7 million in trading volume on October 26, making it one of the top exchanges during that period (in terms of normalized volume).
Despite these respectable numbers, Binance.US continues to incentivize adoption of the new platform. On Friday, the exchange announced it would be offering new users fee-free trading for their first 30 days. Prior to this, the exchange had offered zero fees for all pairs from its launch until November 1.
Binance.US is also offering a $15 referral bonus for users who complete the fiat verification process. US-based investors who want to help support our publication can get started on the exchange through this link.
Recent: Catherine Coley’s Tweet
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.