Global Exchange: Binance.US has announced that USD deposits are eligible for Federal Deposit Insurance Corporation (FDIC) insurance coverage.Binance.US explained:"The pooled custodial accounts are maintained in a manner that provides access to pass-through FDIC insurance coverage up to the depositor coverage limit, which is currently $250,000.
FDIC insurance coverage protects depositors against the risk of loss in the event that an FDIC-insured bank fails.
"Binance.US is a quick and efficient platform that provides access and exchange across a range of digital assets.The company also said that, in compliance with the Digital Asset Risk Assessment Framework, community feedback, and market demand, they would continue to evaluate coins, tokens and trading pairs to be sold on Binance.US.Users can now start to deposit both ALGO and ZEC for trading purposes.
As of now, only deposits are available for ALGO and ZEC.
Once trading is live, withdrawals will not be allowed.Earlier, the company introduced a referral program allowing you and your friends to earn $15 each when you join Binance.US.Another report revealed that Binance's futures platform had increased the Bitcoin (BTC)/Tether (USDT) contracts to maximum leverage and margin of 125x.