Binance US Launch Today Includes XRP Week Before Bakkt
Just a few days ago, Binance announced their official launch date for their US crypto trading platform and confirmed XRP as a listing.
Binance is the largest cryptocurrency exchange in the world by volume and their own crypto token BNB has a $3.2 Billion market cap as of 9/16/19
Back to school and back to the basics! Binance.US will open account registration and begin accepting deposits of BTC, ETH, XRP, BCH, LTC, and USDT on Wednesday, September 18, 2019 at 8am ET
Binance US Announcement
This is no surprise for anyone who has been involved in XRP or Ripple, Binance CEO known as CZ loves Ripple and XRP.
What we find most interesting, however, is the fact that this move comes just days before the launch of NYSE digital asset platform Bakkt.
Loving Ripple’s XRP
February this year Binance CEO CZ said how much he respects Ripple and XRP, wishing to build a partnership. READ MORE
We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future we’ll definitely want to add them as a partner
CZ - CEO Binance
The new platform will not be allowed in New York due to their needing a BitLicense as of August 2019 Binance has made no application.
CUT THE BULLS.HIT - The last time a Bitcoins futures platform launched was in 2017, Interest in Bitcoin surged and it hit $20,000, so too did interest in altcoins and XRP reached $3.60 a coin…
Bakkt to the Futures
Not investment advice, as always do your own research but what is striking about the launch of Bakkt is the parallels with 2017 Bull run.
In December 2017, CME Group launched Bitcoin futures, soon after that Bitcoin reached an ATH of $20k & the altcoin market exploded.
unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure
Kelly Leoffler - Bakkt CEO
In a few days, Bakkt launches Bitcoin Futures Contracts which differs from CME’s offering, giving more market clarity and peace of mind.
This exactly what traders, financial advisors, and speculators have been waiting for, it could open the floodgates for massive investment.
Uniquely, Bakkt bitcoin futures contracts will not rely upon unregulated spot markets for settlement prices, thus serving as a transparent price discovery mechanism for the benchmark price for bitcoin
Kelly Leoffler - Bakkt CEO
One thing is for certain the people at the top are preparing for something huge and we will return to this story in the run-up to launch.
