Binance, the world’s largest cryptocurrency exchange by trading volume, has added support for Ravencoin (RVN). The move comes after the exchange announced its intention to list the asset on its platform on September 3.

The addition of RVN to Binance’s lineup is significant because it gives the altcoin a level of legitimacy that it did not have before. Up until now, Ravencoin was only available on a handful of small exchanges.

But with Binance’s backing, RVN is now available to trade on one of the most popular exchanges in the world.

This is good news for Ravencoin because it could mean more exposure and more investment from both retail and institutional investors. And with Binance’s reputation for listing only quality projects, it could also help to legitimize Ravencoin in the eyes of the wider crypto community.

At the time of writing, Ravencoin is currently trading at $0.0318, up 3.

5% in the last 24 hours.

Yes, Binance has RVN available to trade on its platform. This is significant because it gives Ravencoin a level of legitimacy that it did not have before.

With Binance’s backing, RVN is now available to trade on one of the most popular exchanges in the world. This is good news for Ravencoin because it could mean more exposure and more investment from both retail and institutional investors.

Binance, the world’s leading cryptocurrency exchange by trading volume, has been ramping up its Initial Exchange Offering (IEO) platform lately. The platform was launched in April 2019 with the launch of Binance Launchpad.

Since then, the platform has conducted six successful IEOs, with the most recent being the Celer Network token sale, which raised $4 million in just 18 minutes.

With the success of the Launchpad platform, many are wondering if Binance will launch its own IEO. While the exchange has not confirmed or denied these rumors, there are a few factors that suggest that an IEO from Binance is likely.

First, Binance has a history of being first to market with new products and services. The exchange was one of the first to offer margin trading and was also one of the first to launch a decentralized exchange (DEX).

Given Binance’s track record, it’s likely that the exchange will be one of the first to launch an IEO platform as well.

Second, Binance has already expressed interest in conducting its own IEO. In an interview with The Block, Binance CEO Changpeng Zhao said that he “wouldn’t mind” launching an IEO on the Binance Launchpad platform.

This suggests that Binance is at least considering launching its own IEO in the future.

Third, Binance has the necessary infrastructure to launch an IEO. The exchange already has a large user base of over 10 million users and a strong reputation in the cryptocurrency industry.

Additionally, Binance has a tokenomics lab that can help projects design their token sale models. This suggests that Binance is well-prepared to launch an IEO in the near future.

Overall, there are a few factors that suggest that Binance is likely to launch its own IEO in the near future. However, nothing has been confirmed by the exchange yet and it remains to be seen if and when Binance will launch its own IEO.

The United States has a progressive tax system, which means that higher-income taxpayers pay a higher tax rate than lower-income taxpayers. The tax rate on capital gains and dividends is also progressive, with the highest rate being 20%.

Do You Pay Taxes on Binance Us?

The Internal Revenue Service (IRS) views cryptocurrency as property, not currency, and taxes it accordingly. That means you’ll owe capital gains taxes on any profits you make from buying and selling cryptocurrency.

If you hold your cryptocurrency for less than a year before selling it, you’ll pay short-term capital gains taxes at your ordinary income tax rate. If you hold your cryptocurrency for more than a year before selling it, you’ll pay long-term capital gains taxes, which are lower than your ordinary income tax rate.

When you withdraw money from an exchange like Binance US to your bank account, the IRS sees that as a sale of your cryptocurrency and taxes it accordingly. So even if you don’t sell your cryptocurrency, you may still owe taxes on it if you withdraw it to your bank account.

The bottom line is that you need to be aware of the tax implications of buying and selling cryptocurrency on Binance US or any other exchange. Consult with a tax professional to make sure you stay compliant with the IRS.