Binance to Unveil Fiat Trading Info

Fiat trading option is expected to be launched by the end of 2018
12 June 2018   1748

One of the leading crypto exchanges Binance intends to provide its users with the opportunity to trade fiat. It is expected that by the end of 2018 this option will be available, Bloomberg reports.

This statement was made by the CEO of Binance Changpeng Jao.

According to him, the addition of fiat pairs was made possible by opening an office and a bank account in Malta. Also, the exchange plans to add other financial currencies, but the head of the exchange did not disclose the details at this stage.

In addition, Binance plans to obtain an exchange license for Jersey Island and to open an office there with a staff of 100 employees. The company also negotiates with the authorities and banks of Taiwan, Changpeng Jao ​​added.

Binance Exchange was founded in July 2017 and by now the number of users of the exchange is 9 million people, while at the beginning of the year there were 2 million. In the first quarter of this year, the company earned $ 200 million with an average trading volume in the range between $ 1, 4 - $ 1.5 billion.

Binance to Launch Zero Fee Tezos Staking

Expert believes is proposal is "pretty insane" because, for example, Coinbase takes 25% of users' rewards for staking
04 December 2019   95

On December 4, Binance Bitcoin Exchange will add Tezos Staking Support (XTZ). Rewards will be calculated daily, and distributed once a month until the 20th day.

The minimum deposit for staking is 1 XTZ, and the annual rate is 6-7%.

At the same time, Binance will not charge fees for its services, which threatens the business models of most stake-in services, Larry Cermak from The Block believes.

He reminded that Coinbase is currently deducting 25% of the user rewards for XTZ staking, but it is likely that they can revise this policy in the near future to maintain competitiveness.