Binance U.S Exchange Lists Astar Network’s ASTR Token

Binance U.S Exchange Lists Astar Network’s ASTR Token

Binance U.S Exchange Lists Astar Network’s ASTR Token

Binance US now offers trading of Astar Network’s native token, which will allow users to use the network’s multichain smart contracts platform of the future. Before the market opens on September 14 at the same time as ASTR deposits, the regulated US exchange will accept ASTR deposits, one day before, beginning on September 13 at 8:00 EDT.

The ASTR listing will introduce Astar Network to investors in the United States and will aim to expand the network’s smart contract ecosystem to users all over the world. Additionally, it will stimulate increased liquidity in the ASTR markets. When trading begins at 8:00 AM EDT on Binance US, the token will be available for purchase using USD and USDT.

Astar Network Founder and CEO Sota Watanabe said:

“We are very excited to officially enter the American market through Binance US. Since closing our last funding round, led by US investors like Polychain and Coinbase, entering the US market has been a top priority. Astar already has a strong presence in Asia, especially Japan, and now we have an opportunity to follow suit in the US with our localized team.”

Astar has been increasing its dominance in the Asian market with its expansion into the United States. In a recent survey by the most influential blockchain group in Japan, Astar came out on top, demonstrating the project’s widespread support in the nation. According to the survey conducted by the Japan Blockchain Association, Astar is the best blockchain platform currently available, beating out Ethereum, Solana, and Avalanche.

Web3 is being adopted by some of Asia’s most technologically advanced nations, which might spark a new economic boom. Sota Watanabe recently toured Japan, where he met with local officials to explore potential uses for web3 technology. GMO, one of Japan’s major internet firm, and Dentsu, the country’s largest advertising agency, have both hired him as an advisor.

Like Japan, the United States has a highly regulated cryptocurrency market, which requires exchanges to only offer tokens that conform to stringent standards. Binance’s US exchange only supports a small subset of the tokens listed on its international market. Now that Binance US supports ASTR token trading, this milestone has been reached.

Assets that address actual issues, are based on trustworthy, scalable technology, and are approved by Binance US’s Digital Asset Risk Assessment Framework are the only ones the exchange will list. As of right now, there are just over a hundred assets on the market that meet the requirements. When ASTR gets listed on Binance US, it will be the first asset from the Kusama and Polkadot ecosystems to do so.

Astar has linked to Moonbeam Network as part of its effort to boost blockchain interoperability. Because of this integration, WASM projects will be able to get off the ground, and developers will be inspired to build innovative applications for Astar that make use of Polkadot’s robust XCM format.

Leave a Reply

Your email address will not be published. Required fields are marked *