Binance US Liquidity Significantly Higher Than Winklevoss’s Exchange

Binance US liquidity is much higher than the one of the Winklevoss’s Gemini platform despite being launch only nine days ago as we read in the latest blockchain news.

This fact was stressed by Binance CEO Changpeng Zhao- CZ. He noted the data from cryptowat.ch pointing out that Binance’s American brand saw its liquidity almost tripling in less than a week. The term Liquidity is a term that refers to the ease at which the traders can buy or sell cryptocurrency and the trading on crypto exchanges that have higher liquidity is much more convenient since entering and exiting a market is now much more accessible due to the abundance of a given cryptocurrency that is being held or it is currently circulating on the exchange.

Despite the Binance US liquidity is high, the US trading volume is still very infinitesimal. However, make sure you don’t forget that the platform came out only a week ago and we should all be very patient until more traders join the exchange. Currently, the US branch generates about a 24-hour volume figure of about $2 million and compared to the Gemini crypto exchange there are about $16 million while Coinbase Pro generates over $152 million. Binance’s global platform handles more than $740 million in daily trading volume.

Currently, Binance US offers about 28 markets to trade on including the 12-USD based pairs and the 11-USDT based pairs. The US traders can now sell their US dollars in exchange for Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens and Ripple’s XRP. Also here we can include the controversial Tether and its USDT token and the native token BNB among the many others that will show up gradually. Despite being around for just a few days, Coinmarektcap still has no data available for Binance US though it has prepared a page for it.

As per the analysis in the latest news on altcoin, CZ stated that the US branch will grow much faster than Binance did at the beginning of its days and the Traders will feel motivated to join the platform for zero fees until the end of October. On the other hand, the US platform announced through Twitter that the scammers have already started posing as the official customer support agents so the traders have to be very careful.