Binance to Deny Dollar Trading Launch

These reports are "fake news," as company's spokeswoman said
20 April 2018   1382

Binance Exchange has denied the information that it will allow its users to buy digital tokens for US dollars. This is reported by Bloomberg.

These reports are "fake news" the company's spokeswoman said in response to a request via e-mail.

Articles that Binance will launch dollar trading flew Twitter and several crypto-currency websites on Friday, along with the prices of altcoins, including EOS and Monero, went up.

Today, 20th April 2018, a number of reports have been published about the addition of dollar trades on Binance, but all of them, in fact, are a reference to an earlier article of the same Bloomberg, published on March 23, in which the CEO of the exchange, Zhao Changpeng, talked about the company's plans to move to Malta , the search for a banking partner and the possible launch of trading under the "fiat cryptocurrency" scheme. Zhao didn't name the fiat currency that can be used in this type of trading.

Binance DEX to List 5 TrustToken Stablecoins

Binance DEX listed TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, tied to appropriate fiat currencies
08 August 2019   413

Non-custodian exchange Binance DEX in the near future conducted a listing of five new stablecoin issuer TrustToken, The Block reports.

As TrustToken said, Binance DEX added TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, exchange rates related to the US dollar, Australian dollar, Canadian dollar and Hong Kong dollar, respectively.

All five assets will be released on the blockchain. Until this moment, TrustToken stablecoins were available only in the format of ERC20 tokens on the Ethereum blockchain.

Binance DEX has new opportunities for making financial contributions. TrueUSD trading on Binance DEX should start on August 8th. Listing suggestions for other TrustToken stablecoins will be issued in the coming weeks.

TrustToken plans to launch its new or two additional blockchains before the end of the year and the new TrueSGD, the rate of which will be tied to the Singapore dollar, “soon”.