Binance America Crosses $10 Million In Daily Volume For The 1st Time

The latest Binance news show that the exchange’s branch that is active in the United States, named Binance America, recently broke the $10 million volume mark. As the updates show, it would have taken longer to unlock this achievement before.

At press time, the exchange has seen more than $10,480,000 in daily trading volume according to data published by the Binance America CEO, Catherine Coley. Previously, we reported that Binance.US went live on September 24 of this year and initially offered 13 fiat to crypto and crypto to crypto trading pairs.

Slowly, but surely! It has been a busy first month.
Thank you for trading on https://t.co/NDRVQIXfNf! #AchievementUnlocked #BUIDL #UsersFirst 🇺🇸 https://t.co/LLewsd3yi2

— Catherine Coley (@cryptocoley) October 23, 2019

The pairs basically included all the major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and the Tether (USDT) stablecoin.

Before the news about Binance America hitting new records, we saw that the exchange launched its Bitcoin futures and with that hit a $700 million record as other platforms saw lackluster activity.

Meanwhile, Changpeng Zhao is also in the news today for stating that Putin is the major blockchain regulator right now. When talking about the exchange and its milestone, Zhao was in the news too, stating the following:

“Took Binance longer to unlock this achievement back in the day,. Most people underestimate the effort involved in jump starting a new platform.”

https://twitter.com/cz_binance/status/1186868218679484418?s=20

As per the announcement from October 22 indicated, Binance has this week launched support for two cryptocurrency assets: IOTA (MIOTA) and Binance USD (BUSD). It seems like the exchange is actively pushing more and more coins to its database.

For those of you who don’t know, Binance USD is a USD-backed stablecoin launched by Binance along with the digital trust company Paxos this September. Just like several other fiat-pegged stablecoins, the asset managed to receive regulatory approval from the New York State Department of Financial Services (NYSDFS).

Before this, the head of Binance Changpeng Zhao told reporters that from his perspective, the Russian President Vladimir Putin is the most influential person in the blockchain space. On top of that, Binance this month revealed that it was poised to add support for the Russian ruble on its flagship cryptocurrency exchange.

In the Bitcoin news, we can see that the market suffered another drop and BTC has fallen below $8,000 once again, dragging many altcoins along with it.