Binance.US users will soon enjoy decentralized domain creation, thanks to a collaboration with Unstoppable Domains.
Binance.US, a cryptocurrency exchange for United States-based users, has partnered with Web3 company Unstoppable Domains.
A new alliance between the companies will give American users the opportunity to create ".BinanceUS" domains, which serve as digital identities throughout the Web3 ecosystem.
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These unique domains offer user-friendly names for cryptocurrency wallets within the Binance.US app, allowing them to transfer, buy and sell cryptocurrencies with ease.
The service's launch was announced on April 26th and is set to go live in May.
Decentralized domains created through this partnership will be minted on the Polygon blockchain, which allows users to generate domains without incurring gas fees or renewal costs.
Additionally, the collaboration enables Unstoppable Domains users to utilize Binance.US for withdrawing cryptocurrencies to a variety of Unstoppable Domains addresses, including .crypto, .nft, and .x domains.
Binance.US Business Development Vice President Nandini Maheshwari highlighted that safety in the Web3 ecosystem is "at the core of Binance.US’s mission."
Increasing accessibility to Web3 while maintaining a safe and secure ecosystem for customers is at the core of Binance.US’s mission.
Unstoppable Domains will handle the custody of all Binance.US domains. It is worth noting that these domains can be created only through the Binance.US app.
Over the past year, the decentralized domain service provider partnered with numerous Web3, blockchain, and cryptocurrency companies, including BitDegree. In September, companies collaborated to hand out NFT Domain rewards to every student who completes any Web3-related course on the BitDegree platform.
The collaboration between Binance.US and Unstoppable Domains demonstrates the industry's commitment to improving accessibility to Web3 while maintaining a safe and secure environment for users.
