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Topic: Binance legally registered at U.S, does Bitcoin will get increase? (Read 713 times)

hero member
Activity: 1498
Merit: 586
Binance is one of the best exchange here in cryptoworld and it is really a great news to know that it is legally registered at US, but i dont think that because of it the price of bitcoin and other cryptos will increased immediately, maybe on the right time we can able to see bitcoin pumping very high again just like what happend before.
Bitcoin price will increase , as what we have known before it will be go higher when we received a good news like this one, it can affect the market because people will now think that bitcoin is now recognize by the government and they can freely advertise it.
sr. member
Activity: 882
Merit: 260
Binance is one of the best exchange here in cryptoworld and it is really a great news to know that it is legally registered at US, but i dont think that because of it the price of bitcoin and other cryptos will increased immediately, maybe on the right time we can able to see bitcoin pumping very high again just like what happend before.
hero member
Activity: 1638
Merit: 518
well, based on my knowledge.
adding some market will not affect the price, can u see how many market in this world, 10 times more than the total altcoin in the world.
even if it's binance . its not affect at all.
and also, what people looking on binance for now its about their IEO, i guess.
sr. member
Activity: 806
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?


This Binance news probably won't have much effect on Bitcoin.

Although Binance is the largest exchange in terms of volumem Bitcoin has been traded in the US for years now so having a new office open can't have that much of an effect. There may be new traders registering, but given KYC is also required the same way, they probably already have accounts on Coinbase and are already trading nonetheless.
It will give some effect since this legalization will increase the number of traders in Binance, this will also increase the demand where a lot of investors will be added and coins to be transferred to Binance.
Legalization of binance will be the first step for some other countries to accept crypto in their countries. This will become the trigger for them to move and start to accept crypto from now on.

Binance do have an impact on bitcoin market but not that big and fast. Little by little Binance known for its many altcoins in its market helps crypto currencies particularly bitcoin become mainstream. The US government is not really against bitcoin after all, as we can see there are many exchanges already in the US. The US just impose very tight rules on bitcoin and crypto currencies because it is decentralized. 
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?


This Binance news probably won't have much effect on Bitcoin.

Although Binance is the largest exchange in terms of volumem Bitcoin has been traded in the US for years now so having a new office open can't have that much of an effect. There may be new traders registering, but given KYC is also required the same way, they probably already have accounts on Coinbase and are already trading nonetheless.
It will give some effect since this legalization will increase the number of traders in Binance, this will also increase the demand where a lot of investors will be added and coins to be transferred to Binance.
Legalization of binance will be the first step for some other countries to accept crypto in their countries. This will become the trigger for them to move and start to accept crypto from now on.
sr. member
Activity: 784
Merit: 282
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?


This Binance news probably won't have much effect on Bitcoin.

Although Binance is the largest exchange in terms of volumem Bitcoin has been traded in the US for years now so having a new office open can't have that much of an effect. There may be new traders registering, but given KYC is also required the same way, they probably already have accounts on Coinbase and are already trading nonetheless.
legendary
Activity: 3276
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
I think that there is some connection between the two. Bitcoin dominance was continuously increasing until the time when Binance US platform came online. And once that happened, the Bitcoin dominance suddenly declined from 71% to 66%. I would say that Binance US caused a drop in the BTC prices than an uptick. And it is not very surprising. Most of the trade volume in Binance is made up of altcoins. I have checked their charts and only around 1/3rd is made up of BTC vs USDT trade (they use USDT instead of USD). Rest is made up of altcoin trades.
newbie
Activity: 20
Merit: 5
It's a tiny bit of good news but nothing more than that. USA is still only a small player in the Bitcoin market IMO so the influence will not be great.
sr. member
Activity: 1148
Merit: 251
I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

The price of bitcoin it's not basing to what exchange do like binance location. The price of bitcoin is depending to what's on demand in the market. Binance is only exchange that have a branch in US but it doesn't mean it will have big impact on the price of bitcoin. But of course we can't aside that having Binance USA is good news and we know that many users of exchange will be benefitted about this.
sr. member
Activity: 672
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Why should bitcoin got increased its price in the first place if it's only an exchange got their license  approved in a certain country. some of US citizens as I know have been using bitcoin since long ago and there's no banning just stricter rules that not any exchange without license could get the userbase from there it's a country with big and strong economy after all.
Although it's a good news but I guess it's just an ordinary news because there are some exchanges that has already legally registered in the US not a surprise here. However, having an additional option is always welcomed.

It may or not increase the price of Bitcoin but i am pretty sure that it will open a new option for U.S. citizen to acquire cryptocurrency although they already using Coinbase for buying and selling their crypto. also OP is wrong about the statement that crypto is banned in U.S. because they only stop their citizen to stop participating on ICO but they are good to buy & sell crypto on a licensed exchanges.
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
Why should bitcoin got increased its price in the first place if it's only an exchange got their license  approved in a certain country. some of US citizens as I know have been using bitcoin since long ago and there's no banning just stricter rules that not any exchange without license could get the userbase from there it's a country with big and strong economy after all.
Although it's a good news but I guess it's just an ordinary news because there are some exchanges that has already legally registered in the US not a surprise here. However, having an additional option is always welcomed.
sr. member
Activity: 1190
Merit: 306
Even though Binance has opened a new Exchange for United State people, it does not affect for rising price of Bitcoin
And why should it?  It isn't as if Binance was never available to residents in the states, and even if it were a brand new exchange it would still be one among many.  There is no reason in my mind why the rebranding should affect bitcoin's price.  At all.

i don't think usa banned crypto!
No, crypto is still legal in the states.  However I think there are some states that Binance excluded, and it's probably because there are some state laws on the books regarding licensing or even anti AML stuff.  I couldn't say for sure, but those are only a few states involved.
sr. member
Activity: 2100
Merit: 309
Bianance US have the same with Binance usually but now still less altcoincan trading there, but step by step some altcoin have added and can trading with Binance US now, today add two coin for listing with Binance US raven coin and chainlink coin, I think next time will added new coin again and all of coin on binance usually will have in biannce US.
sr. member
Activity: 1176
Merit: 286
i don't think usa banned crypto!
as for Impact on prices bitcoin, Yes but after over time this will affect prices positively
Location of Penans. For a long time it facilitates trading and this will benefit prices without a doubt
The rise in prices does not come in one day but over time
Americans will be able to use binance more easily and this is a good thing
sr. member
Activity: 2002
Merit: 250
I'm sure it will have a big impact on the volume of Bitcoin trading,
and you have seen it now that the price of Bitcoin is recovering from the lowest support level,
and we will see that Bitcoin rises even more in the next few days
sr. member
Activity: 1078
Merit: 256
Binance have open new exchange market for United State people, you can check the website for Binance US and different with Binance exchange market usually, most positive respond from many US citizen because they are excited with Binance exchange and they can make investment bitcoin or altcoin with Binance.
Considering that binance ask for KYC to be fully verified US government will allow that as they have ways to completely monitor the exchange,
the citizen can now invest with crypto with facilitation coming from binance, in the long run it will be appreciated and take effect inside this
entire industry.
sr. member
Activity: 1344
Merit: 270
Binance have open new exchange market for United State people, you can check the website for Binance US and different with Binance exchange market usually, most positive respond from many US citizen because they are excited with Binance exchange and they can make investment bitcoin or altcoin with Binance.
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
Good thing that they can operate in the US legally but the volume is not too impressive, but slowly it will build confidence for US traders now that they have alternative on where to trade. Surely they have potential to compete with largest crypto exchange in the US.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
Enforcers of the law in the US is more strict than any other country. once they execute a law, no one wanted to disobey it and face the circumstances.
That is the case with every country around the world, if a particular country comes up with a certain law you have to comply with it to perform or function and if you are following the rule you will be fined or you need to close down your business. US is not the only country that enforces rules and regulation but every country that comes up with their version will force the company to follow their rules.

Binance is an exchange and they registered legally with the US law and how can it boost the price of BTCitcoin. If there is a huge investment in it then you might see an increase in price. Just registered alone will not bring in huge investments  Tongue.
sr. member
Activity: 1078
Merit: 270
If United State have legal bitcoin transaction I think bitcoin become higher price, many citizen of US want to invest money in bitcoin because they want get much profit with cryptocurrency worl, by legal Binance for US maybe many investor from US become binance member and have potential to pump binance coin.
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