Binance.US Releases Beta Version of iOS Mobile App

Binance, one of the leading crypto exchanges in terms of trading volume and user base, has released a beta version of its mobile for its US-based platform - Binance.US.

Announced on Thursday, the app will be available for downloads on iOS devices initially. The exchange, however, did not mention anything about similar support for Android users.

The beta version of the mobile application means it is still in the testing phase and will help the exchange to get feedback from its client base.

The beta test is one of the most crucial phases in a software development process, in which the developers receive feedback from the potential user base before the launch of the product.

Traders, willing to take part in the beta testing, need to fill a form, the link to which is provided by the exchange on Twitter. However, it is not clear if the exchange will send the app download link to every willing client.

The https://t.co/AZwoBOy3iq Apps are coming and we need your help to test them!

First up ? iOS beta testing If you're willing to provide feedback and want to be one of the first to go hands-on, apply via the form below. Download links will be emailed:https://t.co/1noYc0pD5E pic.twitter.com/kjFIJJVY5G — Binance.US (@BinanceAmerica) December 18, 2019

Binance's global expansion

Binance entered the US market via a partnership with BAM Trading Services, a FinCEN-registered company, to roll out the new platform exclusively for customers based in the United States. Binance is licensing its matching engine and wallet technologies to its US partner, which is handling operations into compliance with local regulations.

The platform was launched last September and is competing with local giants like Coinbase.

Last month, the US subsidiary of the crypto exchange partnered with Tagomi in order to provide Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for its cross-exchange Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

Meanwhile, the global exchange is also strengthening its dominance in the industry with acquisitions in various markets. In November, it acquired Indian crypto exchange WazirX to penetrate in the sub-continent. However, a tough regulatory stance towards the sector might make its move harsh.