Binance to Launch Combined ALTS Trading Market

Сhanges in the structure of the Binance markets will take effect today, December 24, at 11:00 AM (UTC)
24 December 2018   647

Binance will rename the ETH market to the Combined Altcoin Market (ALTS).

As reported on the website of the trading platform, changes in the structure of the Binance markets will take effect today, December 24, at 11:00 AM (UTC). In addition, two new trading pairs with XRP - TRX / XRP and XZC / XRP will appear on the platform.

Among other things, the head of Binance Changpen Zhao noted that when listing new coins, priority will be given to the coin who participated in the company's charity program.

Recently, Binance has added a pair of steakblokoinom USDC.

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   258

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

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.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.