Astar Network’s ASTR Token Listed on Binance US Exchange
ASTR, the native token of the Astar Network, is now available on the Binance US exchange, making it the first asset from Polkadot (not including DOT) to list on Binance. ASTR deposits are open on the regulated US exchange from 8:00 EDT on September 13 before the market goes live at the same time on September 14.
With this launch, millions of Americans will now have the freedom to purchase, trade, or hold the most popular blockchain asset in Japan (according to a survey by Japan Blockchain Association).
The ASTR listing will give US traders exposure to Astar Network while helping make its smart contract ecosystem accessible to a global audience. It 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 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.”
In addition to making inroads to the US, Astar has been strengthening its grip on the Asian market. The project is particularly popular in Japan, where a poll conducted by the country’s leading blockchain organization saw Astar claim first place. The survey by Japan Blockchain Association placed Astar ahead of Ethereum, Solana, and Avalanche.
Several tech-first Asian countries are embracing web3, which has the potential to stimulate a new economic boom. On a recent tour of Japan, Sota Watanabe met with city majors 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.
Like Japan, the US cryptocurrency landscape is tightly regulated, compelling exchanges to list tokens that meet strict criteria. Only a fraction of the tokens listed on Binance’s global exchange are available on its US platform. The ASTR token has now made that leap following its addition to Binance US.
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.
As part of its drive to improve blockchain interoperability, Astar recently connected to Moonbeam Network. 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.
We covered Astar last month after the crypto startup teamed up with Alchemy to accelerate web3 development on Polkadot ecosystem. As part of the tie-up, Astar will leverage Alchemy’s APIs to provide powerful tooling on Polkadot.
The move will make it easier for developers to use Alchemy Supernode to create decentralized applications (dApps) on Astar Network, Polkadot’s leading parachain, and unleash a wave of web3 creativity.
Astar Network is a multi-chain decentralized application layer on Polkadot. 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.
Astar’s vibrant ecosystem has become Polkadot’s leading Parachain globally, supported by all major exchanges and Tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar Space Labs offers an Incubation Hub for top TVL dApps.