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   681

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 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.