Binance US users will be able to buy bitcoin by debit cards

by in Cryptocurrency News

Binance US

The US division of the Binance has added the opportunity to purchase crypto using debit cards.

Related: Binance CEO: More governments will adopt crypto in 2020

Before this, users of the trading platform could acquire crypto assets only through ASN payments (made through the network of the Automated Settlement Chamber), that is, through ordinary bank transfers. Now, according to representatives of Binance US, user funds are insured by FDIC (Federal Deposit Insurance Corporation of the United States).

In addition, the company’s blog reports that during the first 30 days since the launch of Binance US, the platform’s daily turnover reached $15 million. Today, the exchange supports 24 crypto assets and 40 trading pairs.

Representatives of Binance emphasized that they plan to expand the list of supported products in the coming months, designed to "reduce entry barriers for new users."

Recall, the launch of Binance US took place in September. At first, the exchange supported only a few crypto assets: BTC, ETH, XRP, BCH, LTC, and BNB.