Binance.US Lists Tezos Token with Two Trading Pairs

Binance.US, the US subsidiary of the Binance exchange, has confirmed the news that it will be listing Tezos (XTZ) on its platform. According to reports, the trading pairs XTZ/USD and XTZ/BUSD will open on March 16, 2020, Monday at around 9:00 am EST/6:00 am PST. Binance.US users now have the liberty to commence depositing XTZ, USD, or BUSD to their Binance.US wallets as soon as the trading goes live.

In a blog post that was published on December 11, 2019, Binance.US released a statement stating that it is going to add 18 new tokens that include NEM, Tron, and Tezos, on its already existing 19 tokens’ radar.

The statement reads like,

Our priority to continue exploring more digital asset listings for our users runs in parallel to our efforts to deliver a mobile application and more access to new states we currently do not operate. Binance.US recognizes that the ease of issuing blockchain tokens and the perceived lack of regulation could make these tokens targets for abuse. Binance.US has both legal obligations and moral duties to shield our users from fraudulent blockchain projects and combat financial crimes.

The decision to expand its listings of new tokens came with the motto of the company to retain its leadership in the crypto market by providing paramount services to help the traders buy and sell cryptocurrencies. In fact, the traders would have access to a broader range of digital assets to hold, trade, or exchange.

Apart from this, the company is also considering to give its users a $15 sign up welcome bonus and free trading for 30 days and also an FDIC insurance coverage for USD deposits.