Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is expanding its operations to the U.S.
state of Texas. The move comes as the exchange looks to capitalize on the growing demand for digital assets in the country.
The exchange will allow users in Texas to trade a variety of digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Binance Coin (BNB). The platform will also offer a variety of fiat-to-crypto pairs, such as USD/BTC and EUR/BTC.
Binance first announced its plans to enter the U. market back in June of 2018.
Since then, the exchange has been working to obtain the necessary licenses and approvals from regulators. The expansion into Texas is a significant step forward for the company’s plans to establish a presence in the country.
Texas is home to a number of major businesses and organizations that are actively involved in the cryptocurrency space. These include companies like Bitmain, which operates one of the largest Bitcoin mining facilities in North America, and the University of Texas, which offers a course on cryptocurrencies and blockchain technology.
The launch of Binance’s U.
operations is part of the company’s wider strategy to expand its reach globally. The exchange is already available in over 180 countries and supports a variety of languages, including English, Mandarin, Japanese, and Russian.
The move into Texas is likely to be welcomed by many cryptocurrency enthusiasts in the state. The launch of Binance’s U.
S.-based platform will provide them with access to a wider range of digital assets and make it easier to convert their fiat currency into cryptocurrency.
Yes, Binance is allowed in Texas as they have obtained all necessary licenses and approvals from regulators.