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Binance US Prepares for Launch as it Opens User Registration on 18th September, 2019

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Image: Binance US

Binance US will allow users to register on the exchange on Wednesday, the 18th of September, 2019 as it prepares for its’ launch.

The exchange also revealed that on same day, it will be accepting deposits of BTC, ETH, XRP, BCH, LTC and USDT. This will commence at about 8am ET.

Binance US revealed that, during the period of registration, users will be able to sign up for an account and select the tier of verification they desire for their withdrawal limits. Upon verification, users will then be able to deposit their digital assets unto the exchange platform.

In a blog post released by the US Exchange, Binance US said it will continually be adding selected digital assets available for verified users to deposit and eventually trade on the Exchange. This will be after trading commences for the first phase.

It also revealed the availability of the digital assets for trading will be based on the Binance Digital Asset Risk Assessment Framework.

In an earlier publication by Binance US, it was made known that on the initial launch, there will be desktop/mobile access granted to users, app versions will be available in the future. It also revealed  there will be KYC requirement which will demand the use of valid government issued IDs such as drivers license or passport, social security number (SSN).

Binance US according to the firm is a fast and secure digital asset marketplace, delivering the world’s leading digital asset trading technology, speed, and experience to everyday users in America. Based in San Francisco, Binance.US is operated by BAM Trading Services and built on the cutting-edge matching engine and wallet services licensed from Binance.

Led by the innovative CZ, Binance has grown from a cryptocurrency exchange to a blockchain ecosystem offering various innovative products for users to utilize. It is currently one of the top exchanges in the world by volume.

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The Inside Story of Binance Meteoric Rise to Global Relevance

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Binance few months ago celebrated its second year anniversary. Over its short time existing, Binance led by the charismatic Changpeng Zhao has grown to be a leading stakeholder in cryptocurrency exchange business in the world.

How did it come about? A report by Decrypt examines the rise in the global cryptocurrency exchange giant. A report which CZ acknowledged and said “This is probably the most detailed narrative of the #binance story so far. Very impressive piecing so much together from an external viewpoint.”

The report examined the life of CZ, CEO of Binance before he ventured into cryptocurrency business. According to the report, CZ heard of bitcoin in 2013 from Ron Cao and bought bitcoin for $600 per coin after selling his house for $1 million after he was advised by Bobby Lee who said “You should put 10 percent of your net worth into it. If it goes to zero, you lose 10 percent. There is a higher chance it will go 10X, and you double your net worth.”

Haven started out in matching trade orders on the Tokyo Stock Exchange, CZ worked in Bloomberg futures trading offering after moving to New York. After this CZ went back to China where he started his own company building high-performance trading software for global banks. CZ also worked in Blockchain and OKex exchange.

His experience in both non-crypto and crypto firms will help him to build Binance after the successful launch of an Initial Coin Offering.

Binance was built on the second company founded by CZ, a cloud based exchange software provider –

Despite several challenges along the way such as hacks, government issues with cryptocurrency exchanges both in China and Japan, which ultimately necessitated it to migrate to Malta, mass in-rush of users due to the explosive interest in cryptocurrency in 2017, Binance has continued to grow increasing at an unprecedented rate.

Over time, it has added powerful features to the platform such that Tushar Jain, said “Binance is strategically building something much bigger than a crypto exchange: They are building the future of finance.”.

However the success story of Binance today, it’s earlier days weren’t such all glorious. Notwithstanding, Binance has launched products such as Futures, Margins, Lending, DEX, Binance Chain, Launchpad etc.

Haven achieved all these within the space of a couple of years, CZ hopes to someday become irrelevant. According to the report, CZ decreed “I do want to help Binance to become a company that will last 50, or 100 years, or even more,” he said. “But at the same time, I do hope I can make myself irrelevant.”

The future of finance is set, crypto is that future, maybe Binance will ultimately transcend its current state to help people to achieve freedom of money as it exchanges the world.

Read full report here

Image Source: oracletimes

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LocalBitcoins Has Been Registered As Official Virtual Currency Provider in Finland. 

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Peer-to-peer cryptocurrency Exchange LocalBitcoins has been registered as an official virtual currency provider in Finland.

The registration which was done by the Finnish Financial Supervisory Authority FIN-FSA allows LocalBitcoins starting from November to operate in the Finnish country.

According to LocalBitcoins, the FIN-FSA considers the exchange has suitable procedures in place to prevent money laundering and terrorist financing. It also considered that LocalBitcoins’ customer assets or funds are adequately held and safeguarded against cyber breaches or any other mishap.

The registration process assessed and found that LocalBitcoin management of the exchange and its key personnel are seen to fulfill fitness and propriety criteria.

LocalBitcoin emphasized that registration as an official virtual currency provider is part of its longer evolution in which it has invested in its transparency, reliability and accountability.

The CEO of LocalBitcoin, Sebastian Sonntag, commenting on the registration said “Finland is a well-functioning society, which holds trust and confidence at high levels. At the same time, the controls in the financial sector are of particularly high quality and the position of the clients is well protected. These themes are also at the heart of LocalBitcoins’ operations.”

Future

The future holds promise for the Exchange as it intends to continue developing its operations with a focus on customer service and on issues relating to the FIN-FSA such as money laundering prevention.

Operating as an official virtual currency provider strengthens our position and enables us to continue to operate responsibly and reliably. At the same time, it opens up new business opportunities for us. Our goal is to create a truly global marketplace where everyone, regardless of their starting point, can participate in the virtual economy,” Sebastian Sonntag concluded.

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Founded in 2012 and operating in over 7500 cities across more than 200 countries in the world, LocalBitcoins.com is a person-to-person bitcoin trading site with the mission of connecting everybody to Internet economy.

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CI CryptoSolutions Offers Crypto Trading Module to Help Train Crypto Traders

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CICryptosolutions offers a cryptocurrency trading competition module that allows anyone to learn how to trade cryptocurrencies.

The module which is based on the cryptocurrency exchange platform owned by CICryptosolutions – Naijacrypto.com allows anyone which wishes to learn how to trade cryptocurrency to trade over 30 cryptocurrencies with ‘demo money’.

According to CICryptoSolution, for the emerging market for exchanginga cryptocurrency in Nigeria, it built and launched the web and app based cryptocurrency exchange platform naijacrypto.com to make it easier for those who which to buy and sell cryptocurrencies, ever since then, a lot of people have been gathering information about cryptocurrencies espacially Bitcoin and they are aware of the opportunities in the space of learing about cryptocurrency trading but yet still don’t know how to trade.

This Competition module is for them as it will train them in all trading scenarios and also test their trading skills wihtout pressure of using real money.

This will be the first of its kind platform in Nigeria. The module offers several features which includes the ability for traders to trade upto 30 cryptocurrenceies including Bitcoin, Ethereum and Monero. Traders also will not trade with real money but at the end of the competition, they are able to claim rewards in real prizes.

Users can see live feed for every cryptocurrency the user wishes to trade. Competition runs daily, weekly or on a monthly basis and there is also leaderboard where each trader will be able to see where he stands in the competition.

The reward for all competitions is paid into the Naijacrypto account of each trader and this can only be claimed to their wallet once the competition is over.

THe firm believes the competition module is an opportunity for those trying to learn cryptocurrency trading to involve themselves in trade scenarios without having the pressure of using real money and that the interaction between both beginners and expert traders can make the action of experts rub off the beginner traders.

Anyone can participate in the competition or any subsequent competitions by simply creating an account on the trading platform naijacrypto.com or they can download the mobile App.

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NaijaCrypto.com Has Been Listed On CoinMarketCap

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Nigerian cryptocurrency exchange platform NaijaCrypto has been listed on coinmarketcap. Announcing the listing on twitter, the exchange said in its 8 months of operations, it has been listed both on coinmarketcap and coincodex.

A product of CICryptosolutions, Naijacrypto was founded in March, 2019 and has grown offering unique services to users.

A cryptocurrency trading module was recently launched on the exchange to allow users who wishes to learn how to trade cryptocurrency to easily learn as they interact with expert traders without having to be pressured as they would be trading using demo accounts.

The module allows users to enter trading competition where they can test their skills while learning without having to spend real money, but prizes in the competition will be real and it’s credited to users wallet on the exchange.

The growth of cryptocurrency in Nigeria has been on a steady increase over the years and is expected to grow even further. Naijacrypto currently offers amongst others USD/NGN trading pairs.

At current, Coinmarketcap only have limited information about exchange on its platform at the moment. This includes URL to the exchange and it’s Twitter handle as well as a description of the exchange.

CICryptosolution also recently launched a cryptocurrency payment gateway to help businesses accept cryptocurrency as payments without having to be exposed to the volatility in the crypto market.

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