Binance Reintroduces Dash (DASH), ZCash (ZEC) to US Trading
The coins, along with Algorand (ALGO), were listed on Binance.US, though with optional usage of the anonymous features.
Binance.US listed three new digital assets - Dash (DASH), ZCash (ZEC), and Algorand (ALGO) to trade in the USA. The listing comes just weeks after Asian exchanges were dropping coins with anonymous features.
But DASH and ZEC can be used as regular assets, switching off the veiled transaction features.
Binance.US also carries Binance Coin (BNB), which is now presented as a utility asset.
The exchange also expanded the activity of its native blockchain, Binance Chain, and the decentralized exchange. The DEX is also adding pairs and helping the influence of the BUSD stablecoin.
Binance DEX also introduces derivative coins that can move through Binance Chain, but are pegged to the value of Bitcoin (BTC) and Bitcoin Cash (BCH), still going as BCHABC, the post-fork ticker for BCH. MATIC (MATIC) is also an asset that has been created on Binance Chain.
Recently, Binance also extended its lending program to the MATIC asset. The lending program, which locks some of the leading altcoins and stablecoins for predetermined periods, is offering another use case in place of falling trading activity.
Additionally, Binance will expand pairs based on the dollar-pegged asset, BUSD. New pairs include XRP/BUSD, ETH/BUSD, BCHABC/BUSD, LTC/BUSD, LINK/BUSD and ETC/BUSD. Binance has also boosted the influence of stablecoins Paxos Standard (PAX), TrueUSD (TUSD) and USDC.
BNB remained relatively stable this week, as $18.29, lagging behind the recovery of other assets. BNB is going though a campaign to be presented as a utility coin, despite the fact that the asset served to raise funds in the 2017 Binance ICO.
The Binance exchange sees a marked decrease in trading activity since the peak in July. Binance easily reached $2.4 billion in daily trading, with volumes above $1 billion usually happening on most days. Now, Binance activity has returned to the levels of the bear market, moving between $600 million and $880 million on Friday.