Posted 2 years ago | by Ben Armstrong
Binance US Looking Into Solid Projects
While we still do not know when the platform will launch, Binance US is already getting busy. Today, Binance announced via their blog exactly which crypto projects they will be exploring as potential trading assets.
Here are the projects Binance US plans to explore:
YouTuber Omar Bham from the Crypt0 (also known as Crypt0snews) channel was very impressed with the list.
I've got to admit, Binance U.S. is doing it's homework, as most of the the tokens they're considering listing are solid.
IMO this seems like an upgrade for Binance, in terms of maturity... less people are likely to lose money, because of shady alts. https://t.co/LFeypEmBLT
— Omar Bham (Crypt0) (@crypt0snews) August 9, 2019
Binance US gave 5 areas they graded projects on to decide which altcoins they would explore. This includes legal compliance, the team's vision for project, ability of team to work with community, market supply/demand, & the actual technology.
One of the more notable exemptions from the list is TRX. CZ and TRON have had a seemingly good relationship so this comes as a surprise. Could it be due to TRON FUD or even the US-China Trade War? BitBoy Crypto has reached out to TRON for comment.
This announcement comes on the heels of news of a Binance KYC hack back in May. It was uncovered that Binance kept the full extent of the hack secret. It seemed odd that the BNB price was going up in the midst of that ongoing saga. After this announcement, it's a little more clear why the price rose.
A graphic of the list can be seen below:
To see more on this story and others, make sure to check out today's BitBoy Crypto News video: