Binance.US Plagued by Low Liquidity

Binance.US opened almost two months ago amid significant anticipation. But, it appears to have failed to deliver on the hype as its liquidity remains comparatively low to incumbents like Bittrex and Kraken.

Binance America was launched in September following the restriction of U.S. users from the main trading platform. The new exchange can be considered a Binance franchisor — it draws from its technology and brand, but is otherwise a separate entity where Binance is a (main) stakeholder.

Its current daily volume hovers below $5 million according to CoinMarketCap. Bitcoin trading makes up 42 percent of that while another 13 percent is taken by stablecoin-to-USD trading pairs. Altcoins rarely exceed $100,000 in daily trading volume and some, like Dogecoin, are below $10,000. Read More...