BREAKING: These Tokens Are at Risk of Being Inaccessible to Binance US Customers and Losing Liquidity
One of the largest cryptocurrency exchanges in the world, Binance, has made changes to its own rules this Friday, according to which users from the USA will no longer be able to participate in trading at the main site located at Binance.com from September.
Binance opens a new trading platform in the US so these traders will be transferred to the new Binance US platform, but whether it will share the liquidity pool with Binance.com stays unknown.
Based on tough regulatory conditions in the United States, many market participants fear that assets circulating on Binance.com may not migrate to the American trading platform and lose the lion’s share of their liquidity.
One of the Twitter users — Goomba, analyzed which tokens can get to the new trading platform Binance, and which in the case of the most unfavorable scenario — no.
Violet allocated assets that are currently represented on at least one trading platform that legally serves American traders. Tokens whose names are placed on a white background are at risk of being inaccessible to Binance US customers and losing liquidity, which they still use on the main exchange.
As you know, Binance has two regulated websites with support for Fiat registered in Jersey and Uganda. Most of the altcoins are not represented on these exchanges.
Meanwhile, amid today’s announcement, only five assets on Binance remain in the green zone in relation to Bitcoin.
Author: Marko Vidrih