Binance.US surpasses $10 million in daily trading volume, less than one month after launch

US announced on Twitter that the American subsidiary of Binance surpassed $10 million in daily trading volume for the first time.

US less time to reach the daily $10 million mark than it took Binance in the beginning.

For comparison, according to CoinMarketCap, Binance completed over $823 million in trading volume today.

US has added new coins almost every week, including Algorand, Zcash, IOTA, Chainlink and many others.

US currently offers five BTC trading markets and 19 USD markets.

US announced the addition of IOTA and BUSD. This became the first time IOTA was listed on a fully regulated cryptocurrency exchange in the U.S., according to Dan Simerman, head of financial relations at the IOTA Foundation.

US said, will be "Highly-curated" and meet U.S. regulations and compliance standards based on the Digital Asset Risk Assessment Framework.

Earlier this week, Poloniex, a cryptocurrency trading platform acquired by Circle for $400 million, said that it is moving out of the U.S. to focus on the global market, possibly due to regulatory roadblocks in the U.S. market.

Whether the departure of popular cryptocurrency exchanges from the U.S. would benefit existing exchanges like Coinbase, Binance U.S., and Gemini or would signal the start of a more difficult environment for cryptocurrency exchanges remains to be seen.

US CryptoSlate will earn a small referral fee when you join.