New Listing Ideas: Binance Considers Adding Tezos And Tron

The new listing ideas for Binance include adding support for Tron and Tezos and for 16 other cryptocurrencies as well. In our Binance news today, we find out more about the Binance US platform and its plans for the upcoming year.

In a blog post published a few days ago, Binance US expressed the new listing ideas for crypto additions to its catalog. According to the statement, the crypto exchange wants to add about 18 tokens to the 19 already listed on the platform. These new tokens include Tron (TRX), Tezos (XTZ) and NEM (XEM). Some of the others include OmiseGo, Ontology, Enjin Coin and Icon among others. The US branch of binance wants to expand but in the meantime, Huobi’s US partner HBUS announced that it was shutting down. HBUS will be shutting down in the middle of December because of low demand and liquidity.

For Binance US, the compliance with the regulatory standards remain paramount and an excerpt from the announcement reads:

‘’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 of 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.’’

In 2019, the crypto exchange operators in the States have been forced to geofence certain token owing to the lack of regulatory clarity. Some others have elected to move their platforms across the world to jurisdictions with clearer cut crypto regulations. In the middle of the regulation battles and crypto clarity, the US regulatory agencies are praising their crypto efforts. It seems that the US Senate Committee on Banking Urban Affairs and Housing and the chairman Jay Clayton described the approach of the commission to crypto regulations as measured but proactive.

Kenneth Blanco who is the director of the Financial Crimes Enforcement Network praised the regulator’s efforts in the crypto and according to him, the robust regulatory measures by FinCEN and others are making sure that better crypto reporting finally starts in the industry.