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

[Mila52]

First of all, US never banned crypto so what you said is already a false statement .

Regarding the price increase of Bitcoin, it is a no. If you will see the daily volume of Binance.us, it is very low and it is the same with Huobi US. Now what do you expect with it?? It will not affect the price of Bitcoin in the short run but maybe we can see a price increase if the daily volume of these exchanges will increase.

Creating a trading platform in the USA is a competition for the american's cryptomarket between Binance  and Coinbase. Binance captured about 54% of the trading volume of the entire cryptocurrency market. Coinbase, on the other hand, has only about 14%. . Coinbase isn't going to give up its positions and launches several more new tokens.That’s what can give rise to BTC prices

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[audaciousbeing]

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?

Yes Binance is a big player in the crypto industry but assuming that would lead to increase in the price of bitcoin is same thing as  saying a McDonald opening additional retail store overseas would increase the price of flour used for doughnut across the world. It does not follow that pattern. What is going to happen is Binance is making a platform for those who felt left out or who are carrying out their trade via other platforms to start patronising and also to see if they can get some fresh people into crypto by their own effort which eventually primarily increases their own bottom line. If the ripple effect led  to an increase in bitcoin price, that's is simply a bonus.

[Kemarit]

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?

Obviously, someone had answered already that US didn't banned Bitcoin or crypto in general.

Now to get their US Binance platform and to fully satisfy US regulations, they have partnered with this so called company, BAM Trading Services, it is a California based company, it is registered as a money services with US FinCen. As far as the effects, we still don't know it, it was just recently launched and remember that not all states supported Binance.US as well. I think you can't created an account if you lived in Texas and New York so that's a minus for Binance for sure. So we really can't say if it will push the price or not, but I guess the good news their market is really expanding and in the long run we might see the impact positively.

[bryant.coleman]

First of all, although the Binance US platform has started trading this week, the functionalities have been severely limited. The platform is available for trading in only 37 out of the 50 states, with important states such as New York, Florida and Texas being excluded. Also, initially they will be dealing in just 7 cryptocurrencies: Bitcoin, Binance coin (BNB), Ether, Ripple, BCH , Litecoin and Tether. It will take many months to get the trade volume back to the previous levels.

Another thing is that during the last 6-7 days, the exchange rates have fallen by as much as 20% and the trends indicate that it will take some more time for the exchange rates to stabilize. Bitcoin prices fell from $10,200 to just around $8,300 per coin. And this is despite spikes expected due to the launch of the Binance US platform and Bakkt. Bitcoin ended up with a daily loss of -12% on September 24th. A loss of that magnitude occurred only a handful of times in the recent past.

[traderethereum]

why all of a sudden they've adopted the system of crypto like Binance?

Binance as a big exchange will always attract business owner to create similarly exchange with modifying some feature.
That's why we see the new exchange was launch almost every month.
If they can create an exchange which better than the other exchange, they can make money, and that will be huge money.
With so many people in the US that will have interest in cryptocurrency, Binance wants to expand its business across the nation, and that is normal if Binance open registration for US citizen.

Do you think, this will affect the market of bitcoin and crypto could be increase now?

Not so fast, because that will depends on regulation from the government.
But if we talk about the growth in the underground, I am sure that it will attract more people to join with crypto world and that could help the growth of the cryptocurrency in the future.
Maybe after this, we could see the cryptocurrency will rise again.
It will each not just people in the US but also people in every country to join with the cryptocurrency.

[davinchi]

Obviously, someone had answered already that US didn't banned Bitcoin or crypto in general.

Now to get their US Binance platform and to fully satisfy US regulations, they have partnered with this so called company, BAM Trading Services, it is a California based company, it is registered as a money services with US FinCen. As far as the effects, we still don't know it, it was just recently launched and remember that not all states supported Binance.US as well. I think you can't created an account if you lived in Texas and New York so that's a minus for Binance for sure. So we really can't say if it will push the price or not, but I guess the good news their market is really expanding and in the long run we might see the impact positively.

Even If not all state accepts the cryptocurrency is US, but at least, United states in quote is no longer frowning at the use of cryptocurrency again, they just want it regulated, and they just don’t want anything that they feel will disrupt the system they have built on ground for years which is the system of fiat.

Overtime, I believe that when other states sees how sweet the use of cryptocurrency is and how it is beginning to benefit other states, then their major could also join in the raise also. We just have to take things easy in this cryptocurrency market, otherwise we will get ourselves confused. It has been days now since the platform has been launched and I have still not seeing much increase In the value of binance, but anyway, patience is all we need, I am sure that we will still see that change on value as we proceed.

[beerlover]

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?

Obviously, it won't happen only with this, don't get me wrong these kinds of stuff does put a great pressure on the buy side of bitcoin and all other currencies which means there is a better chance it gets an increase but these are not alone itself enough for bitcoin to go up.

What this makes is that it makes things harder to go down and it makes it easier to go up, but just because it is harder to go down doesn't mean it will not go down (as we can see) and just because it is easier to go up doesn't mean it will go up. Hence, what this does is just paves the way that's it, hence there is literally nothing to be hyped about around here, we just have to keep on trying our best to get the bitcoin name out there and create more awareness for it and increase the adoption like this never happened.

[binhvo1505]

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 increase or not will be based on the trend that the market brings. Like Binance in early 2019, the price was only $ 5.5 but when Binance Launchpad was born, they actively used their money to push the token price and then they were trusted by many speculators -> price increase.
Legal registrations in the US only increase their volume again and there is no reason for prices to rise while the market is in a recession.

[el kaka22]

I would have expected bitcoin to have a bit of a uptick after this, it really didn't and we are going down faster than I could ever prepare myself for when it happens. However I always remind myself that when things get worse it means they are getting ready for things get better. Remember we did had that $20k to $3k period but then we had that $3k to $13k period as well after that.

So, I am guessing now that the binance is allowed to work in USA as well it means when we start to have better times again the american folks will be with us as well, not in coinbase type of business places but on binance where the hard work is going on. Its mainly altcoin like people mentioned but do not forget the usdt and bitcoin pairs as well where you can literally buy bitcoin with dollars.

[Andrews193]

I would have expected bitcoin to have a bit of a uptick after this, it really didn't and we are going down faster than I could ever prepare myself for when it happens. However I always remind myself that when things get worse it means they are getting ready for things get better. Remember we did had that $20k to $3k period but then we had that $3k to $13k period as well after that.

So, I am guessing now that the binance is allowed to work in USA as well it means when we start to have better times again the american folks will be with us as well, not in coinbase type of business places but on binance where the hard work is going on. Its mainly altcoin like people mentioned but do not forget the usdt and bitcoin pairs as well where you can literally buy bitcoin with dollars.

I think not raising prices is a very clear result that we can see very early because binance is allowed to work in the US or not, it is not an influence when the user has a method of bypassing the blocking and participating in binance, binance that is legally registered is just a way to make it easier to operate, and users in this country will have less hassle. The price of bitcoin does not rely on this news to change is for sure, the change of bitcoin needs greater information and more direct influence.

[micher143]

Any form of adaptation will result to bitcoin price pump. I think if other countries that banned bitcoin will un-ban it, it will make a huge diffident to the price, because what we are targeting is mass adoption.
Every country have a local exchange in terms of bitcoin, this is a big step in mass adoption.

[ChrisPop]

To my knowledge Bitcoin has never been banned in USA. It's just that USA residents were prohibited from participating in ICOs unless the company hosting it had some kind of license or authorization. Gemini for example is an US licensed exchange and I think most people buy from them. An alternative is Coinbase. So I don't see why Binance being legally registered in the States would affect the price too much.

[tetyulfania]

Binance have open registration for US citizen, many investor from US and make bitcoin will be popular in north America, after Brazil now United State are greatest country for bitcoin.

[paynercash]

binance is just an exchange, so I think this problem will not affect bitcoin's price very much. I have been following this market for a long time and I see the market fluctuated strongly when a trade war occurred.

[Sithara007]

Any form of adaptation will result to bitcoin price pump. I think if other countries that banned bitcoin will un-ban it, it will make a huge diffident to the price, because what we are targeting is mass adoption.
Every country have a local exchange in terms of bitcoin, this is a big step in mass adoption.

A few countries account for the vast majority of Bitcoin trade volume. Countries such as US, EU, Japan, China, South Korea and Canada adds up for more than 90% of the daily cryptocurrency volume. And Bitcoin is already legal in all these nations. However, change in legal status can make a difference. For example, in China it is forbidden to trade Bitcoin against fiat currency (but trading against USDT is legal). If China lifts this ban, then for sure Bitcoin may undergo a major bull run. From what we have seen in the past, the decisions taken by the Chinese central bank and the government do have a big impact on the exchange rates of Bitcoin and the other cryptocurrencies.

[betty11]

I have never read that the USA ban crypto, we still have Coinbase operating in the USA, what I know of is that many ICO do restrict US citizens from investing in their project, USA do trade in some exchange too, just that the US government takes right of their citizens very serious.

[Dreamr]

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?

It's not Binance registration in the U.S that worries people but the U.S Government because they are unpredictable imagine what happened between them with mobile phone giant Huawei Technologies over 5G. Hope Binance will comply with SEC & IRS for whatever they want - there is a reason some of the Coinbase operations are in the UK.   

[Heimer]

at least we can expect more investors which would help make price of bitcoin better

Initially and today in the USA there are a lot of investors.The binance will definitely benefit from this, but against this background, the price of bitcoin is unlikely to somehow change.

Not to mention that people will invest much eager if they see that Binance is legally registered in US and it is compliant with all of US regulations, but to be honest I doubt that this will have noticeable impact on BTC price

[btc_angela]

at least we can expect more investors which would help make price of bitcoin better

Initially and today in the USA there are a lot of investors.The binance will definitely benefit from this, but against this background, the price of bitcoin is unlikely to somehow change.

Not to mention that people will invest much eager if they see that Binance is legally registered in US and it is compliant with all of US regulations, but to be honest I doubt that this will have noticeable impact on BTC price

I would say Binance would gain more values than bitcoin will do if Binance is going to be accepted by the USA government. I am not sure if this has happened or not. But if that will so, then yes Binance price will have positive move than Bitcoin does.

I don't know why you guys are discussing about USA accepting Binance. As far I know, they have been given the go signal to operate with Binance.US. And they hire BAM to front with them with US regulators. But so far we have seen that it didn't have any effect on the price because it continue to go down to the $8k levels.

[mazdafunsun]

USA have not banned crypto , you have been reading fake news in this case.
There are several big crypto exchanges which operate in the USA, I doubt that new exchange will get new investors , they will just get a piece of the existing customers.