Post
Topic
Board Economics
Re: Binance legally registered at U.S, does Bitcoin will get increase?
by
Vishnu.Reang
on 20/09/2019, 17:33:08 UTC
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

That's good news. Binance is one of the most popular crypto-exchanges, and in the US there is a huge number of people interested in cryptocurrency. I think, ultimately, it will have a positive impact on the price of Bitcoin and other cryptocurrencies.

Binance is mostly being used for altcoin trading. Only about 30% of the trade volume comes from BTC vs USD or BTC vs USDT trading. The remainder is mostly composed of altcoin vs BTC or altcoin vs USD/USDT trade. Binance exchange supports more than 500 different coins in its platform, so when compared to the other exchanges the altcoin volume is higher for them.