Binance to Open Office in Uganda

Changpeng Zhao wants to spread the crypto currency in all parts of the world
29 June 2018   336

The Binance currency exchange announced the opening of a unit in Uganda, whose services include the exchange of digital assets for the currency of the country. This is reported by Cointelegraph.

Binance Uganda will be an independent structure, while at the same time possessing a "reliable business association" with the main platform. The new exchange will use the code base, operating systems and security measures of the original Binance platform.

The decision to launch Binance Uganda Changpeng Zhao ​​explained the desire to spread the crypto currency in all parts of the world.

We think that crypto has a very strong use case in less developed countries… there’s more money to be made in a more developed country, but we want to distribute crypto to the rest of the world.
 

Changpeng Zhao

CEO, Binance

At the same time, Changpeng Zhao ​​stressed that to expand the fiat exchange proposal it is necessary to resolve issues related to customer identification and combating money laundering.

In the short term, the company plans to open branches in two or three more regions and continue working on a prototype of its decentralized exchange.

BitForex to Become Trading Volume Leader

For a while, the indicator of the daily trading volume of the BitForex exchange was held at around $ 14 billion
02 August 2018   321

Due to the use of the so-called trans-fee mining model, little known crypto-exchange BitForex became the leader in terms of trading volume. This is reported by CryptoGlobe.

Coinmarketcap Trading Volume
Coinmarketcap Trading Volume

For a while, the indicator of the daily trading volume of the BitForex exchange was held at around $ 14 billion. To date, the value of this indicator has dropped to $ 5.3 billion. Nevertheless, it is more than five times higher than that of the popular Binance exchange.

Just yesterday, BitForex launched its BF token, which users of the trading platform can extract using the trans-fee model previously used on the CoinEx and FCoin exchanges.

The most popular trading pair on the BitForex exchange was BTC / USDT.

BitForex was launched in June this year. The site is based in Singapore, but Seychelles was chosen as the place of registration by the owners.

The company's website says that 80% of trade commissions are returned to holders of BF tokens. The latter will have the opportunity in the future to participate in solving key issues of the platform and its community. It is also indicated that the BF offer is limited to ten billion coins.