Customers of the United States-based branch of major crypto exchange Binance, Binance.US, can now purchase cryptocurrencies using their debit cards.
In a blog post on Nov. 1, Binance.US announced that the exchange will now offer its customers the possibility to purchase cryptocurrencies with a debit card, joining existing U.S. dollar on-ramp and off-ramps, including the automated clearinghouse (ACH) and bank wire.
Binance.US also announced that in its first 30 days since launching, the exchange jumped to $15 million in daily trading volume, while increasing its token listings from seven to twenty-four tokens, bringing a total of 40 trading pairs to U.S. users. The exchange went live on Sept. 24 of this year and broke the $10 million volume mark on Oct. 23.
In October, the exchange announced that customers' deposit funds are also eligible for FDIC insurance coverage, meaning that the exchange holds its U.S. dollar deposits in pooled custodial accounts at different banks that are insured by the FDIC — the United States government agency designed to protect deposits and the U.S. financial system. Read More