ASTR, the native token of the Astar Network, is now available on Binance US. When trading starts at 8:00 AM EDT on Binance US, the token will be paired with USD and USDT. In addition, the regulated US exchange will begin accepting deposits of ASTR at 8:00 EDT on September 13, one day before the market’s official launch. The ASTR listing will introduce Astar Network to investors in the United States. Furthermore, it will facilitate the expansion of its smart contract ecosystem to users all over the world.
Why listing on Binance US is a big deal for ASTR
The listing on Binance is significant for ASTR since it will increase trading liquidity in the ASTR market. By listing on Binance US, Astar has expanded its reach in the United States while also consolidating its position in Asia. In a survey conducted by the most influential blockchain group in Japan, Astar came out on top. In the process, it beat Ethereum, Solana, and Avalanche.
Tokens listed on US cryptocurrency exchanges must adhere to stringent regulations, much like those in Japan, which is also a highly regulated cryptocurrency market. Binance’s US exchange only supports a small subset of the cryptocurrencies listed on its international market. With ASTR’s listing on Binance US, the cryptocurrency has finally taken the next step toward mass adoption.
Sota Watanabe, founder and CEO of Astar Network, said:
“We are very excited to officially enter the American market through Binance US. Since closing our last funding round, led by US investors like Polychain and Coinbase, entering the US market has been a top priority.”
Assets submitted to Binance US must comply with the Digital Asset Risk Assessment Framework and provide solutions to actual problems. Also, they must be based on trustworthy, scalable infrastructure. Presently, there are just over a hundred assets on the market that have fulfilled these requirements. Furthermore, the ASTR token will be the first asset listed on Binance US that is part of the Kusama or Polkadot ecosystems.