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Crypto Mixed; Binance US to Get Online Soon
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Crypto Mixed; Binance US to Get Online Soon

Prices of the major cryptocurrencies were mixed on Monday in Asia, with Bitcoin dropping further but Ethereum gaining grounds. Traders focused on the news that Binance’s US branch will launch in the coming weeks.

Bitcoin fell 1.48% to $10,307.3 by 11:48 AM ET (03:48 GMT). It experienced a slump over the weekend from above $10,800 down to this level on Monday.

Other digital coins gave a mixed performance. Ethereum gained 0.13%, XRP fell 0.32% and Litecoin rose 0.67% over the last 24 hours.

Binance.US, the U.S.-based branch of major crypto exchange Binance, said last Friday that its trading platform is expected to launch in the following weeks.

“We will open KYC onboarding a few days prior to live trading so you will have time to verify your account and deposit funds,” it added in its statement.

The U.S. crypto exchange is finalizing the list of states where it will start to offer service to users. The list will be released before it begins onboarding customers.

Across the Pacific Ocean, Japan’s messaging giant LINE has officially jumped on the crypto exchange bandwagon.

Last Friday, LINE’s digital asset- and blockchain-focused arm LVC Corporation obtained the crypto exchange operating license from Japan’s financial regulator. LINE’s 80 million users will be able to buy and sell major cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin and XRP on the trading platform known as BITMAX.

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