Binance Reduces Withdrawal Fees

The Chief Executive Officer of Binance announced that ERC20 token withdrawal fees have been reduced by 25% on the exchange
27 February 2018   1693

Binance cryptocurrency exchange is known for its low trading fees as well as its fast transaction processing.

Zhao Changpeng, the CEO of China-based cryptocurrency exchange Binance, has announced that the exchange has reduced the withdrawal fees for all its ERC-20 tokens by 25%, but those fees will be dynamically adjusted over time.

Binance to reduce withdrawal fees twitter announcement
Binance CEO Announcement in Twitter

It is worth noting that on February 9 we have published the info that one of the most fast growing cryptocurrency exchange, Binance, reported on the completion of its system update.

Binance trading volumeBinance trading volume at the moment of press

At the moment of writing, the users are actively trading such cryptocurrencies as Bitcoin, Nano, Ethereum, NEO, Litecoin, Nucleus Vision on Binance.

Binance to Acquire a Stake in BxB

The startup will act a support center for local users of the global Binance.com platform
15 January 2020   175

Bitcoin exchange Binance acquired a stake in fintech firm BxB from South Korea for 500 million won ($ 432 000). The startup will provide a support center for local users of the global Binance.com platform. It is reported by CoinDesk.

Binance also publicly recognized for the first time that it registered a subsidiary in South Korea in October - Binance Co. Ltd. The company will operate a support center in partnership with BxB.

The exchange plans to expand cooperation with BxB in the future, but concrete plans are still being worked out.

The company previously released the first stablecoin backed by the Korean won, KRWb. One of the proposed partnership options could be the pairing of KRWb with the BNB token to facilitate Korean users trading on the Binance platform.

Despite the constant expansion of the list of fiat currencies supported by the exchange, the Korean won is not yet included in it.