NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Will Binance US Opening Cause BNB Prices to Plummet?

Martin Young
Martin Young
5 years ago
2 mins read
Burn

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The world’s largest crypto exchange will be opening its US platform across most of the country next week. It has announced the listing of six crypto assets for trading but conspicuously missing from that list is its own Binance Coin.

Binance.US Opens Next Week

Binance stated that its US platform will be open for registration and deposits on Wednesday next week. The announcement came in a blog post yesterday but what was notable was the six initial crypto assets it has allowed.

Prepare for Launch: https://t.co/AZwoBOy3iq User Registration Opens Next Wednesday!@BinanceAmerica will open account registration & begin accepting deposits of BTC, ETH, XRP, BCH, LTC & USDT on Sept 18th, 2019, at 8am ET.

This kicks off our first phase!https://t.co/wfAREA0TYR

— Binance.US 🇺🇸 (@BinanceUS) September 11, 2019

Only Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin and Tether will be available for trading which begs the question, why no BNB? Clearly the company would not have omitted its own flagship currency out of choice, so regulatory matters may have influenced the decision.

The announcement went on to state that US customers will be able to register and select their verification level which on September 18. Stringent KYC proceedings will need to be adhered to if users want to cash anything out of the exchange which makes it effectively a digital bank. Binance.US will require users to upload a valid government ID and their Social Security numbers in order to activate their withdrawal limits.

In a blog post last month Binance said that there could be as many as 24 additional crypto assets available in the next phases of the US rollout. There was no time frame given and it added that all would be subject to its Digital Asset Risk Assessment Framework. The more likely scenario is that US regulators will be deciding what tokens the exchange can list and its own one doesn’t appear to be among them.

BNB Falls Out Of Favor

BNB has been one of the crypto darlings of 2019, outperforming nearly all of those around it including the king of crypto itself. From the beginning of the year BNB surged over 500 percent to a giddy height just below $40.

Since then however it has dumped over 50%, crashing back down to $20 where it currently trades. Some are not fearful of the FUD and see this as a good entry point.

$BNB at $20 is a good longterm buy.

I think $100 is well in reach next time we see a large bull cycle….

Temporary fud means nothing and @binance will launch a US solution.

— Cactus (@thecryptocactus) September 11, 2019

Whereas others predict further pain for BNB as the selloff accelerates. With the closure of US based accounts on Binance main imminent, there is all likelihood that Americans will begin dumping BNB in preparation for a move to Binance.US – where it is not listed.

BNB update: REKT 🤷‍♀️ pic.twitter.com/RCtbum1skY

— Bluntz (@Bluntz_Capital) September 12, 2019

Another factor is that many of the obscure altcoins listed on Binance are not available in other jurisdictions due to regulatory pressure making it one of the few markets for them. This of course adds to the selling pressure on altcoins in general, of which BNB is one.

Either way it looks like Americans will be stuck with a very small crypto pot as their lawmakers continue to drag their feet with regards to regulation, and the Binance Coin bears will keep selling.

Image from Shutterstock
Tweet123Share222ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

GENIUS likumprojekts iziet cauri Kongresam, kamēr mēme monētu vērtība sasniedz 82 miljardus dolāru, ICO pārsniedz 2 miljonus.

GENIUS likums tikko tika apstiprināts Kongresā – tā ir liela uzvara kripto regulējumā, un kopējā tirgus kapitalizācija pirmo reizi pārsniedza...

lasma 3 hours ago
XRP and Dogecoin Skyrocket as U.S. Crypto Bills Pass — Here’s Why Everyone’s Hunting for the Best Crypto to Buy.

XRP and Dogecoin Skyrocket as U.S. Crypto Bills Pass — Here’s Why Everyone’s Hunting for the Best Crypto to Buy

Major cryptocurrencies led by $XRP and $DOGE have rallied in the past 24 hours as the market eagerly awaits US...

Aaron Walker 4 hours ago
Dogecoin

Dogecoin Price Prediction: Expect 60% Liftoff If This Channel Breaks: Analyst

Crypto analyst MMBTtrader has predicted that the Dogecoin price could record a 60% rally from its current level. He highlighted...

Scott Matherson 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target

Scott Matherson 28 minutes ago
trader success

Πώς ένας trader μετέτρεψε $6.800 σε $1,5 εκατ. χάρη σε μια ριψοκίνδυνη στρατηγική

Ιωάννης Ριζόπουλος 1 hour ago
Ethereum Enters Top 30 Global Assets With $416B Market Cap – What’s Next?

Ethereum Enters Top 30 Global Assets With $416B Market Cap – What’s Next?

Sebastian Villafuerte 1 hour ago

Premium Sponsors

Press Releases

  • ミームコイン熱狂の中、最新仮想通貨プレセールが63万ドルを突破

    ...

    1 hour ago
  • XRPが3.4ドルの最高値を突破し、2日間で取引量が約4倍に急増する中で注目される次の仮想通貨おすすめ

    ...

    2 hours ago
  • 新しい仮想通貨が注目|ステーブルコイン規制強化でビットコイン高騰に伴う次の急騰候補

    ...

    2 hours ago
  • ChatGPT最新予測|次回FRB会合前に注目したい仮想通貨おすすめ銘柄

    ...

    2 hours ago
  • Grokが選ぶ2026年までに10倍成長が期待できるアルトコイン4選

    ...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.