Users of Binance US will soon be able to register decentralized domains that will serve as digital identities throughout the Web3 network thanks to a new partnership with Unstoppable Domains.
With the new service, customers will be able to create their own “.BinanceUS” domains, giving them easily rememberable names for their cryptocurrency wallets that they can use to purchase, sell, and transfer bitcoin using the Binance.US app. Additionally, these particular domains act as a digital identity for various Web3 services, programs, and platforms.
On April 26, Binance US and Unstoppable Domains announced the service’s debut; it will go online in May. The Polygon blockchain, on which Binance US domains are created, enables the creation of decentralized domains without the need for gas payments or renewal fees.
Users of Unstoppable Domains will be able to utilize Binance US to withdraw cryptocurrency to a variety of Unstoppable Domains addresses, including .crypto, .nft, and .x domains, thanks to the collaboration.
The decentralized domain service provider has collaborated with several Web3, blockchain, and cryptocurrency businesses during the past year. Included in this is a relationship with Polygon that enables the creation of “.polygon” Web3 domains. Additionally, in November, Unstoppable gave 1inch Network decentralized finance (DeFi) customers a way to transmit cryptocurrency to Web3 domain names.
Through 2022 and 2023, as demand for Web3 services increases, Unstoppable Domains and Ethereum Name Service (ENS) have experienced soaring user counts. In September 2022, the American cryptocurrency exchange Coinbase was chosen as its decentralized domain name partner.