Binance to Launch P2P Trading Service

Firstly, access to the new trading platform with yuan support will be available thru to Android app
10 October 2019   148

The largest cryptocurrency exchange Binance has launched a P2P service with support for bitcoin, Ethereum and stablecoin USDT, traded against the Chinese yuan (CNY).

At first, access to the platform will be provided through the Android application to owners of exchange accounts registered more than 30 days ago. Representatives of Binance promised to soon release a version for iOS, as well as a desktop implementation of the service.

Last night, Binance Launches P2P Trading, starting with China. Most of CT probably can't use it yet, but 1.4 billion people can. We will expand the service to other regions soon.

Changpeng Zhao

CEO, Binance

Binance’s plans to launch fiat yuan-supported trading became known last month. 

Nasdaq to Launch Index, Based on 100 Crypto Assets

Neural network, considering 200 different factors, helped to create the list of the assets tracked by the CIX100 index
16 October 2019   84

Nasdaq, the world's second largest stock exchange, has added the CIX100 index based on 100 crypto assets, reports CoinTelegraph.

When building a basket of hundreds of leading digital assets, the tool from uses neural network algorithms that take into account more than 200 different factors. Such a comprehensive analysis allows, in particular, to exclude coins with fake volumes.

It is also known that the index draws data on transactions on the nine largest bitcoin exchanges, and also analyzes information from social networks and the media. Only those coins that last in the top 200 for at least three months can become components of the CIX100. The composition of the index will be reviewed monthly.

According to the developers, the index will be useful for both newcomers to the industry and professionals.