Astar Network has announced that its native ASTR token is now available for trading on the Binance US exchange.
The team announced this via a press release on Wednesday, September 14th. Astar Network, the future of smart contracts platform for multichain, informed Cryptowisser, that ASTR deposits launched on the Binance US exchange on Tuesday, September 13th.
While commenting on this latest development, 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.”
The Astar Network said the ASTR listing would give US traders exposure to its network while helping make its smart contract ecosystem accessible to a global audience. The listing will also drive greater liquidity for ASTR markets. The token will be paired against USD and USDT when trading opens at 8:00 EDT on Binance US.
Astar Network revealed that it has been entering the Asian market in recent months. The project has become popular in Japan, with crypto enthusiasts in the country fans of the token.
The team added that numerous tech-first Asian countries are embracing web3, which has the potential to stimulate a new economic boom. Astar Network’s Sota Watanabe met with city majors in Japan recently to discuss applications for web3 technology. He is also set to become an adviser to GMO, one of Japan’s largest internet companies, and Dentsu, its largest advertising company.
Astar Network added that;
“Binance US only considers assets that meet its Digital Asset Risk Assessment Framework, solve real-world problems and are built using technology that is secure to transact and develop on. Today, a little more than 100 assets have met these criteria and been listed. ASTR will be the first asset from the Kusama and Polkadot ecosystems to have a listing on Binance US.”
The Astar team added that it recently partnered with Moonbeam Network in a bid to improve blockchain interoperability. The integration will support the launch of WASM projects and encourage developers to create unique use cases on Astar that leverage Polkadot’s powerful XCM format, the team added.
Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM). We are made by developers and for developers. Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.
Binance US is fast becoming one of the leading crypto exchanges in the United States. The Binance vs. Coinbase rivalry in the United States is set to go up a notch, thanks to this latest development. Positive Binance reviews continue to pour in as the cryptocurrency exchange further cements its place as the world’s leading digital asset trading platform.