Binance legally registered at U.S, does Bitcoin will get increase?

[JeffBrad12]

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.

[1715403854]

1715403854

[Katashi]

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.

[carriebee]

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.

[Felix-Hosman]

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.

[Sithara007]

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.

[jmigdlc99]

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.

[DabsPoorVersion]

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.

[DaveWave]

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. 

[ashmodeus]

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.

[Ashong Salonga]

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.

[ice098]

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.