Binance to Purchase Trust Wallet

Trust Wallet allows its users to store more than 20 thousand tokens based on Ethereum
01 August 2018   157

Binance Exchange announced the purchase of Trust Wallet, which allows its users to store more than 20 thousand tokens based on Ethereum. This is reported by Crypto Bloomberg.

The users control 100 percent of their funds. Now we have both a decentralized and centralized solution for custody.
 

Zhao Changpeng

Chief Executive Officer, Binance

As reported, Trust Wallet doesn’t access user wallets or hold private keys, the codes that let investors spend their coins.

The amount of the transaction was not disclosed, but Jao said that the value of the firm was small because of the narrow customer base. He also added that Binance intends to acquire several more companies and is already negotiating with some.

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   316

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.