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IOTA and BUSD Become Latest Altcoins to Get Listed on Binance.US

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  • Alex Dovbnya
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    Binance.US keeps expanding the list of available altcoins with IOTA and BUSD becoming its latest additions

IOTA and BUSD Become Latest Altcoins to Get Listed on Binance.US
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Binance.US, the American arm of the Malta-based cryptocurrency exchange Binance, has just announced that IOTA and BUSD are now available for trading on the exchange. 

IOTA is the token that underpins the Internet-of-Things (IoT) ecosystem of the eponymous cryptocurrency project. It is currently sitting in 17th place by market capitalization. 

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Meanwhile, BUSD is a dollar-pegged stablecoin that was launched by the Binance exchange back in September. The new coin was rolled out in cooperation with Paxos. 

From the outset, Binance.US, which opened its doors for the majority of US customers at the end of September, only allowed to trade seven major coins, including Binance Coin. Later, it started to expand its offering, gradually adding more and more altcoins

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As U.Today reported, Chainlink (LINK) got listed on Binance.US on Sept. 10, but it didn't have a major effect on the token's price (the same is true for IOTA). 

It mainly has to with the fact that Binance.US has a minuscule trade volume compared to its US-based competitor Coinbase who is able to significantly move the price of a certain coin with a single announcement.       

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies

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    Holding Bitcoin as a collateral is the next big use case for the top cryptocurrency

Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies
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According to cryptocurrency influencer Chris Burniske, both Bitcoin and Ethereum already represent formidable collateral economies.

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Moving beyond a medium of exchange

In his earlier tweet, Burniske also predicts that holding Bitcoin as a collateral could eclipse its medium of exchange (MoE) use case.  

He even goes as far as claiming that Bitcoin could morph into an off-chain collateral for the world. 

Burniske states that Ethereum has already created a burgeoning collateral economy around it. Apart from extending its utility beyond a pure MoE, this could also drastically decrease the coin's volatility because of all DeFi use cases.   

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The next big thing in crypto

As reported by U.Today, Genesis Capital, a subsidiary of Digital Currency Group (DCG) that rules the roost in the cryptocurrency lending sector, had a record-breaking third quarter with a whopping $870 mln in new originations. 

In Q3, Bitcoin remained the best collateral for crypto with fiat money and altcoins breathing down its neck. The share of USD loans increased by 25 percent quarter-over-quarter.

However, a group of Wall Street traders made a dire warning about crypto lending, claiming that the breakneck speed of its growth could result in another crypto bubble. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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