BinanceUS is supporting $WAXP on Ethereum


  • Trade WAX Network on the WAXP/USD and WAXP/USDT pairs.
  • Buy WAX Network (WAXP) with Bank Transfer, Debit Card, or Wire Transfer.
  • Deposits and withdrawals are now open for WAXP.

Worldwide Asset eXchange, or WAX, is a sustainable blockchain that enables quicker and safer trade of virtual goods used in video games for digital collectibles like NFTs. Players may avoid using a centralized gaming network to own their virtual assets and trade them with anybody on the WAX platform, thanks to its dual functionality as a decentralized marketplace and gaming software platform.

The native coin of the WAX blockchain is called WAXP. Owners of WAXP have access to the worldwide WAX ecosystem, where they may gather NFTs. In advance of the Ethereum Merge, cryptocurrency exchange Binance is launching ether staking in the United States. The Merge, which will change Ethereum’s proof-of-work (PoW) network to a proof-of-stake (PoS) network, is scheduled to happen around September.

It is hoped that by moving away from the energy-intensive PoW process, Ethereum would become more effective and scalable and gain wider acceptance. In addition to several other tokens, Binance now offers the passes of the blockchains Cardano (ADA), Polkadot (DOT), and Polygon (MATIC) for U.S. consumers.

At the time, Brian Shroder, CEO of Binance.US, stated that the goal was to surpass the staking APYs provided by competitors like Coinbase (COIN) and Gemini. Most people recognize Binance.US for its wide variety of alternative currencies and affordable trading costs. The exchange also supports Binance Coin (BNB), the company’s leading cryptocurrency, which, when enabled on the platform, may be used to reduce trading costs further.

One of the biggest cryptocurrency exchanges now operating is Binance. Binance had to develop a substitute for clients in the U.S. due to regulations there. Binance.US, operated by BAM Trading Services using licenses from the original Binance platform, is the end product. Everything you ought to know about the cryptocurrency exchange with a U.S. focus is included in this evaluation.