Crypto Adoption: Binance.US Supports IOTA And BUSD

Crypto mainstream adoption has been one of the most important goals that the crypto space has set for this year.

So far, things have been going great, in this direction, and more moves that have been made helped more and more people get easier access to crypto.

Binance.US users can trade BUSD and IOTA

Users on the Binance.US platform which you already know is the newly launched US division of the leading crypto exchange are now able to trade BUSD (BUSD – the company’s US dollar-backed stablecoin) and IOTA.

An official announcement said that Binance.US supports trading pairs BUSD/USD, BTC/BUSD, and IOTA/USD.

The US-based exchange has reportedly adjusted its no-fee ACH limits to $30,000 for USD deposits and withdrawals.

According to the exchange, all deposits will be held for ten days before the users will be able to make withdrawals.

BUSD stablecoin was launched in collab with digital asset infrastructure development firm Paxos and it received approval from the NY State Dept of Financial Services back in October.

Now, the coin is also expanding its reach in Dubai and Istambul via the support of Coinsfera – an exchange that allows users to purchase crypto with fiat money on the spot.

New Binance product for institutional investors

Binance was recently in the spotlight after it made an important announcement.

Institutional investors have been targeted by the crypto space for a while now and there are a few moves that seem to be successful in this direction.

The crypto industry is gaining more and more interest from the big players’ part.

It’s been reported that the Swiss Stock Exchange started to trade the very first physically-backed Binance Coin (BNB) exchange-traded product (ETP) under the ticker ABNB.

Institutional investors are needed in the crypto space because they can definitely help to achieve one of the main goals of the industry: mass adoption of cryptos.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.