One of the biggest reasons behind the remarkable growth of the cryptocurrency space is due to the establishment of big-ticket exchanges, and in that regard, Binance US could end up becoming one of the most influential. It is the world’s biggest crypto exchange by trading volume, and its entry into the United States is a major event.
It emerged that the American arm of Binance is going to add support for both Cosmos (ATOM) and Neo (NEO). The company made the announcement on October 30 and went on to add that users will be able to trade in both those tokens from October 31.
It is a significant step and is certainly going to help Binance US in attracting more customers. Both ATOM and NEO are among the biggest cryptocurrencies in the world at the moment by market capitalization. According to a leading crypto analysis website, both are within the top 20 in the world at this point, and hence, the listing should eventually raise the volume of trading in the platform.
At the end of the day, the United States remains one of the biggest markets for crypto platforms, and the more options the exchange provides, the greater the chance of driving volume.
However, the latest update is not all. Binance has been adding new tokens rapidly to its American platform, and last week, it announced the listing of Dogecoin on the platform. Although it is not among the biggest tokens in the crypto space, it should be remembered that it has a great recall value and is well known among crypto traders all across the world as well as in the United States.
Dogecoin enjoys modest volumes, and one crypto analysis firm reported last week that it had a 24-hour volume of $7.85 million on Thursday. That being said, the latest listings by Binance US could have an important effect on the future of the exchange.
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