Binance Listed INS Token

INS Ecosystem Token is already available for trading in pairs with BTC and ETH
15 January 2018   963

Binance, one of the fastest growing cryptocurrency exchange, added another token support. This time it is INS token from INS Ecosystem ICO.

INS Ecosystem Token is already available for trading in pairs with Bitcoin and Ethereum.

INS Ecosystem allows its users to purchase food products directly from the manufacturer at reduced prices. The project developers intend to decentralize the food industry by eliminating intermediaries and using smart contracts to reduce costs, which, according to their plan, will have a positive impact on all participants in the process.

INS Price Chart
INS Price Chart

Shortly after the announcement of Binance, the price of the INS token jumped from $7 to $12, after which it dropped to $ 10. The ICO 1 INS cost about $ 2.50. 

At the moment of press, these are the main market parameters:

  • Average Price $9,23 
  • 24h Volume $96 730 200 USD 
  • Market cap unknown

INS is being traded only at EtherDelta and Binance. 

Binance to Start New Fiat Exchange Beta Test

As reported, CEO of the exchange had announced the new platform at event in Singapore
17 September 2018   281

On Tuesday, September 18, Binance will launch closed beta testing of a new trading platform with support for Fiat in Singapore.

The corresponding statement of the head of Binance Changpeng Zhao made on Twitter.

I just slipped that we will begin Binance Singapore fiat exchange live money closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting!
 

Changpeng Zhao

Founder, Binance

Other details of the new Binance initiative have not yet been disclosed, but it can be assumed that the new exchange will support the Singapore dollar.

As Finance Magnates clarifies, Changpeng Zhao also reported on the launch of the new platform at the blockchaain conference in Singapore, where co-founder and CEO of the Gemini exchange Tyler Winklewoss also attended.

Last week Binance signed a memorandum of understanding with the Stock Exchange of Malta, under which a platform will be launched to trade tokens with the properties of securities.