Binance US has disclosed that Band Protocol (BAND) has been listed on its platform following its recent remarkable surge.
According to the Binance US announcement, users can begin depositing USD, USDT, and BAND tokens into their various wallets to start trading immediately it goes live.
— Binance.US 🇺🇸 (@BinanceUS) August 28, 2020
Binance US, the American subsidiary of the leading crypto exchange Binance, mentioned that BAND was listed on its platform after passing its evaluations. The evaluation process includes Digital Asset Risk Assessment Framework, community feedback, and market demand.
The exchange also noted that BAND addition was as a result of its recent growth. Further explaining that the new addition would also assist it to achieve its mission to bring financial confidence and crypto literacy to more Americans every day.
Additionally, Band Protocol in its statement stated they were thrilled to be listed on Binance US. Noting that the addition would enable its growing community in the United States to trade BAND/USD and BAND/USDT directly without having to use multiple exchanges.
Binance US list other digital assets
In addition to Binance US listing BAND on its platform, several other digital assets have recently been listed on their exchange. These include MakerDao (MKR) and Dai (DAI) for trading on its platform. Similarly, Harmony (ONE) has also been listed on the platform.
This allows Binance US users to begin transferring USD, USDT, and ONE token to their wallets for trading.
Notably, Binance US currently offers more than 40 cryptocurrencies including Bitcoin, Ethereum amongst several others. In addition, the US exchange also offers a ‘Recurring Buy’ option for users to automatically buy crypto daily, weekly, bi-weekly, or monthly.
In a related news Binance US recently launched in the state of Florida. Making Florida the 38th state the exchange currently supports. Also, with this launch, it would provide over 12 million US residents above 18-years of age access to cryptocurrencies.
🍊 https://t.co/AZwoBOy3iq is now live in Florida 🍊
Floridians can start registering & trading today!
— Binance.US 🇺🇸 (@BinanceUS) August 25, 2020
Catherine Coley, CEO Binance US in a statement said Florida was an important state for the crypto exchange as it continues to expand across the US. Adding that the exchange is also working on adding new states following an in-depth review with regional and federal regulators.
BAND now available on Coinbase
In addition to being listed on Binance US BAND was also recently added to Coinbase. Meaning Coinbase’s users can now buy, sell, convert, send and receive BAND.
Notably, BAND is the native token of Band Protocol. And it can be used as a medium of exchange for transfer/data request fees. As well as staking to mainly ensure proper accountability. And to also attain data curation from a secured global pool of validators.
Also, Band Protocol is a decentralized cross-chain data oracle platform. That aggregates and connects real-world data and APIs to smart contracts. The protocol leverages BandChain, an independent blockchain built specifically for oracle computations. Including the settlement, data sourcing, and aggregation, that is secured by delegated proof-of-stake to enable some unique features.