Converting USD to Crypto Made Easier for Binance.US Customers
A new report states that Binance.US customers can now convert their dollars into crypto tokens using MoonPay, a payment startup. This option comes after Binance.US suspended U.S. dollar deposits in June due to losing ties with banking partners. MoonPay allows customers to purchase stablecoin tether (USDT) using debit cards, credit cards, Apple Pay, or Google Pay, and then convert it into crypto tokens. The startup ensures regulatory compliance and easy wallet top-ups through know-your-customer verification. Binance.US currently has a 24-hour trading volume of $10.5 million, while Coinbase and Kraken have $1.15 billion and $500 million, respectively.
Main Breakdowns:
- Binance.US customers can now convert dollars into crypto tokens using MoonPay.
- The option comes after Binance.US suspended U.S. dollar deposits in June.
- MoonPay allows the purchase of stablecoin USDT using various payment methods.
- Customers can then convert USDT into other cryptocurrencies.
- Binance.US currently has a 24-hour trading volume of $10.5 million.
Hot Take
This development is a significant step for Binance.US customers who were limited in their ability to convert dollars into crypto tokens. MoonPay’s integration provides a convenient and compliant solution, ensuring that users can easily access the world of cryptocurrencies. With Binance.US’s trading volume steadily growing, this partnership will likely attract more individuals interested in crypto investments.
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