Binance.us now Allows users buy cryptocurrency with debit cards
The United States-based branch of major crypto exchange Binance, Binance.US, has made it possible for its customers to now purchase cryptocurrencies using their debit cards.
Via a blog on November 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. It also included automated clearinghouse (ACH) and bank wire.
According to Binance.US, in its first 30 days since launching, the exchange climbed to $15 million in daily trading volume. It also increased its token listings from seven to twenty-four tokens, bringing a total of 40 trading pairs to U.S. users.
The exchange in October announced that customers’ deposit funds are also eligible for FDIC insurance coverage. This simply means that the exchange holds its U.S. dollar deposits in pooled custodial accounts at different banks that are insured by the FDIC.