Review on Binance.US by phuong cong
When Binance exchange wants to enter the US market
In the mid-2019 days, Binance's CEO made a bold decision when he decided to set up a cryptocurrency exchange exclusively for U.S. citizens. Binance US was born to meet the strict criteria of US law, and it is expected to grow as the largest exchange in the world Binance and is a direct competitor to Coinbase.
Because the requirement from US law only listed the coins with stability and practical value, the listing of coins on Binance US also undergoes a thorough evaluation process. BTC, ETH and a few popular coins will be listed on Binance US, especially BNB is not included in the list of coins originally listed on Binance US. Binance is evaluating these tokens based on the Digital Asset Risk Assessment Framework they have introduced to help determine the legal compliance of Blockchain projects listed on their platform.
Pros
- It is backed by Binance - the largest exchange in the world, so it benefits at least from Binance's vast ecosystem.
- The coins listed on Binance US are coins that are price stable and have many practical applications
- The Binance US team is hired by Binance who is the best in the cryptocurrency industry
Cons
- Anyway, it was newly established, so it would face fierce competition from rivals like Coinbase
- The list of coins listed on Binance US is quite limited
- Some functions of Binance US have not been updated yet
