Binance News: VanEck Files for First U.S. Binance Coin (BNB) ETF

A significant milestone in the cryptocurrency world as VanEck, a prominent investment management firm, files an application for a Binance Coin (BNB) ETF in the U.S.

VanEck Files for First U.S. Binance Coin (BNB) ETF – What It Means for Investors

VanEck, a US-based investment management firm, has filed an application to launch a Binance Coin ETF in the US State of Delaware. If approved, it would become the first BNB ETF in the US market. In the last 30 days, the BNB market has registered a growth of 1.1%. This is the fifth such application submitted by VanEck.

VanEck Files for a Spot BNB ETF

Leading investment company VanEck has filed to register a Delaware trust company for an exchange-traded fund (ETF) tracking the Binance-linked BNB digital asset. On March 31, VanEck registered a new entity under the name ‘VanEck BNB ETF’ in Delaware, hinting at a potential spot BNB ETF in the United States. This filing could provide some good news to halt BNB’s 5% slide in the past week, making it a potential competitor to XRP in the ETF space.

Binance Delists Non-MiCA Compliant Tokens in EEA, DEX Trading Emerges as Alternative

Binance has delisted spot trading pairs for tokens that do not comply with the EU’s Markets in Crypto Assets (MiCA) regulation in the European Economic Area (EEA). This move, planned since early March, targets tokens that failed to meet Binance’s MiCA standards. As centralized exchanges adapt to the new regulatory landscape, decentralized exchanges (DEX) are stepping forward as alternatives in Europe, offering traders a wider range of assets beyond regulatory constraints. Starting March 31, Binance will also remove non-MiCA-compliant stablecoins for European users. With Europe’s crypto markets under regulatory pressure, traders are increasingly leaning towards DEX platforms that operate outside traditional frameworks.