Binance steps up its game by introducing tokens pegged to Bitcoin [BTC]

2019-6-18 01:30

Binance has been taking prominent steps in terms of expanding its services to customers all around the globe. The exchange made another significant announcement earlier today, the launch of tokens pegged against the largest cryptocurrency, Bitcoin [BTC]. Notably, the tokens will not only be pegged to Bitcoin but also to other leading cryptocurrencies. The details pertaining to the other digital currencies are yet to be announced by the exchange.

The exchange said in a blog post,

“We are launching tokens on Binance Chain that will be pegged to leading cryptocurrencies. This will start with a Bitcoin-pegged token that will be traded on Binance and proposed for trading on Binance DEX”

It further stated,

Binance will issue a number of crypto-pegged tokens on Binance Chain (BEP2 token format) in the coming days, starting with BTCB, a BEP2 token pegged to Bitcoin”

The exchange also assured that these tokens are 100 percent backed by its native cryptocurrency “in reserve”, and that they would also be releasing these addresses to the public if anyone wants to review or audit it. Additionally, this initiative will mainly benefit users of Binance’s decentralized exchange venture, Binance DEX, with the noteworthy plus points being increase in trading volume and liquidity.

The blog post further remarked,

“While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.”

This aside, the exchange has already taken its first step towards this initiative as it has minted its first Bitcoin-pegged token, BTCB. The exchange stated that it has reserved 9001 BTC and has minted the equivalent amount of BTCB, which will be listed on the platform in the coming days.

The post Binance steps up its game by introducing tokens pegged to Bitcoin [BTC] appeared first on AMBCrypto.

origin »

Steps (STEPS) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 STEPS

bitcoin tokens pegged binance btc steps introducing

Источник: ambcrypto.com

bitcoin tokens → Результатов: 126


Фото:

Bitcoin exchange Mt. Gox to return $9 billion in tokens to users after decade-long wait

The once-dominant Bitcoin exchange, Mt. Gox, which collapsed a decade ago following a massive hack, is set to return nearly $9 billion worth of tokens to its users. This long-awaited payout comes after a prolonged and complicated bankruptcy process, and has sparked concern among investors about potential impacts on the cryptocurrency market. Returning billions: The […]

2024-7-1 14:51


Фото:

Bitcoin’s “Reserve Risk” Indicator Suggests the Next Parabolic Cycle is Coming

Bitcoin’s prolonged bout of sideways trading isn’t showing any signs of letting up Its stability is proving to be extremely bullish for the aggregated crypto market, as many tokens have found themselves caught within firm uptrends Some speculate that it won’t be until these tokens start seeing slowing momentum that Bitcoin can run One technical indicator is suggesting that this may be the case and that BTC is currently building a strong base to make […]

2020-7-21 21:00


‘Totally Absurd’ – New FATF Rules To Turn Bitcoin Exchanges Into Banks

Intergovernmental body the Financial Action Task Force (FATF) has committed to making 200 countries treat cryptocurrency exchanges like banks. FATF Among ‘Biggest Threats’ To Crypto As Bloomberg reported June 11, an update to how national regulators should treat businesses dealing with cryptocurrency tokens will officially go public on the 21st of the month.

2019-6-12 20:00


Фото:

Coinbase Users Can Now Earn DAI by Learning About the Stablecoin

United States-based cryptocurrency exchange, Coinbase, has announced that its customers can earn DAI tokens if they watch lessons and take quizzes about the stablecoin and its features. Coinbase is aiming to boost global cryptocurrency knowledge by becoming a trusted source where people can educate themselves about the latest developments in the industry.

2019-6-11 13:59


Vontobel Lancunes New Certificate For Ripple Investors To Trade Simply and Transparently New Certificate For Ripple Investors To Trade Simply and Transparently

Vontobel Investment Banking, a well-known investment company, is ready to give its clients a new crypto product. After letting its investors trade in some of the top tokens such as Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH), the company is now expanding its options to Ripple, currently the third largest cryptocurrency by market share. […]

2019-6-11 03:16


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

dogwifhat: WIF can reclaim $2 only If THIS happens

WIF pumped 12% on the 29th of January, after the Fed rate decision.  Depending on U.S. inflation data, the memecoin could extend its recovery to $2 or slip below $1.  The Fed rate decisionThe post dogwifhat: WIF can reclaim $2 only If THIS happens appeared first on AMBCrypto.

Can traders gain from DEXE’s recent dip? THIS data suggests...

DeXe skyrocketed to a multi-year high then plummeted by double digits in a single day. Surging derivatives volume and a critical support zone near $14 can determine DEXE's next move. After wThe post Can traders gain from DEXE’s recent dip? THIS data suggests... appeared first on AMBCrypto.

MOVE surges 16% after WLF's buy - Can it reach an ATH?

Institutional interest in MOVE has escalated, alongside confidence in the token’s long-term potential. MOVE’s ecosystem is expanding, with 10,737 holders. Institutional interest in MovemThe post MOVE surges 16% after WLF's buy - Can it reach an ATH? appeared first on AMBCrypto.