Binance to List USDC on 17.11.18

First trading pairs for stablecoin will be Binance Coin and Bitcoin
15 November 2018   873

Binance will list USD Coin (USDC) stablecoin. This is reported by the company itself.

The “stable coin” from the Circle startup will be available on November 17 in pairs with Binance Coin (BNB) and Bitcoin.

Note that despite the very young age, the USDC is already on the 49th line of the CoinMarketCap rating. So far the most actively this token is traded on the Poloniex exchange, which since February is the property of Circle. However, with the addition of USDC, you can most likely expect an increase in the total trading volume of this coin, as well as further growth of its capitalization.

Binance management also announced the successful completion of maintenance on the platform.

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   303

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.