Binance to Unveil Fiat Trading Info

Fiat trading option is expected to be launched by the end of 2018
12 June 2018   865

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 Delist 5 Tokens

 CLOAK (CloakCoin), Modum (MOD), SALT, Substratum (SUB) and WINGS trading will be suspended on 22nd of February
15 February 2019   158

Binance, has announced the upcoming delisting of the following cryptocurrencies: CLOAK (CloakCoin), Modum (MOD), SALT, Substratum (SUB) and WINGS.

All trades with abovementioned tokens will be suspended on 22nd of February in 10.00 UTC; then tokens will be delisted.

Binance regularly evaluates the development of projects whose coins are represented on the platform, and takes into account the following characteristics:

  • team commitment to the development of the project, its activities and quality;
  • network stability and smart contracts;
  • community outreach;
  • communication with the exchange;
  • evidence of fraudulent or unethical activity;
  • contribution to the development of a cryptocurrency ecosystem.