Binance.US is Considering the Addition of 18 New Tokens It’s Platform
The American arm of Binance, Binance.US, has just announcedthat, it was exploring new additions to its trading catalogue. Per the statement, the exchange platform is considering the addition of 18 new tokens to the already listed trading pairs. Some of the proposed tokens include, Tezos (XTZ), Tron (TRX), MEM (XEM), Ontology (ONT) and Icon (ICX) among others.
The company recognizes that the ease of issuing blockchain tokens in the perceived lack of regulation could make the afore mentioned tokens targets for abuse. As such, Binance.US admits that, it has both legal and moral duties to protect its users from fraudulent blockchain projects.
This year, crypto exchange operators in the US have been forced to delist certain tokens, due to regulatory issues. Others have decided to move their platforms to different countries with clearer crypto regulations.
The US regulatory is praising its crypto oversight efforts despite the outcry for more clarity. Jay Clayton, chairman of the US SEC, described the agency’s approach to crypto regulations as measured, yet proactive. He made this statement on Tuesday, when he appeared before the US senate committee on banking, housing and urban affairs.
That same day, director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, praised the efforts of US regulators in the crypto industry. Blanco said the robust regulatory measures by FinCEN and the other regulatory bodies are ensuring better crypto reporting standards.
Interestingly, while Binance.US is pursuing expansion, Huobi’sUS partner, HUBS, recently announced that it was closing down.
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