Thursday, February 25, 2021

Binance.US Adds XRP, Cardano (ADA), and 10 Others to Its Newly Launched OTC Trading Portal

As a report has it, Binance.US launched an Over-The-Counter (OTC) trading portal, and the Ripple’s digital token XRP, and Cardano (ADA) are among the 12 cryptocurrencies included.

This implies that all traders residing in the United States are now liable to buy XRP and Cardano (ADA) in bulk via the new OTC portal on the cryptocurrency exchange, Binance.US.

Other cryptocurrencies included aside from XRP and Cardano (ADA) are Bitcoin (BTC), Bitcoin Cash (BCH), Binance Coin (BNB), Ethereum (ETH), Litecoin (LTC), ChainLink (LINK), Tether (USDT), Binance USD (BUSD), Zilliqa (ZIL), and Tezos (XTZ).

According to the report, traders residing in the United States can buy and sell digital assets worth $10,000 and above. This purchase can be executed using US Dollar (USD), Tether (USDT), or Binance USD (BUSD).

Users who are interested in using the Over-The-Counter (OTC) platform must be level 1 KYC verified on the crypto exchange. To see the list of the available digital currencies on the OTC platform, visit the OTC portal.

Moreover, transactions on the OTC platform will be done via a live request for Quotation that allows users to place, confirm, and receive funds directly to their Binance.US accounts.

An XRP Community Member Hinted At the New Development

An XRP community member identified on Twitter as WrathofKahneman was the first to notify the crypto community regarding the new development.

He averred that the welcoming development was overshadowed by the excitement of the occurrence of the much-awaited and publicized Bitcoin halving some hours ago.

He wrote, “In the midst of all the BTC Halvening noise, BinanceUS has launched an OTC trading portal. XRP one of the 12 digital assets available for purchase if you trade at a minimum of $10k/order.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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