Binance US Adds Support for Nano (NANO) Coin

November 20, 2019

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America’s new home for digital asset trading Binance.US exchange, today (Wednesday, November 20, 2019) announced that it has added support for Nano (NANO), which is a low-latency digital currency that utilizes a block-lattice protocol.

In an official announcement posted on their website, the exchange revealed that deposits are now active on the platform. The exchange will support trading for NANO/USD effective November 21, 2019, and withdrawals will be active immediately trading starts.

Image Courtesy of TradingView

NANO is the 26^TH Cryptocurrency Added

Nano becomes the 26^th crypto asset listed on the Binance.US platform, with its addition coming only a week after the exchange listed another digital asset QTUM (QTUM), which is a platform for implementing plug-and-play smart contract bridging from Bitcoin or Ethereum.

Binance.US, while a new exchange, has been off to a comparatively strong start. Within its first 50 days of operation, it processed $759 million in trades. On October 26, the platform acquired a 1-day trading volume of $32.7 million. In an effort to increase the numbers, Binance.US recently declared its plans to offer new members 30 days of no-fee trading. Besides, users who complete the fiat verification process on the exchange also enjoy a $15 referral bonus.

Efficient Marketplace

This move is likely to spur further adoption of the platform, as it previously offers zero trading fees from the moment of its launch to November 1. The platform, which launched in September 2019, is fast, simple, and secure.

Part of the announcement reads:

“Binance.US is a fast and efficient marketplace providing access and trading across a diverse selection of digital assets. We will continue evaluating coins, tokens and trading pairs to offer on Binance.US in accordance with our Digital Asset Risk Assessment Framework, community feedback, and market demand.”

Today’s announcement pointed out that NANO is temporarily only available for deposits. Withdrawals would only be effective once trading starts.

Featured Image Source: Pixabay