Binance will release a bitcoin-provided token

The largest cryptocurrency exchange Binance will release on the basis of its own blockchain several tokens tied to cryptocurrencies. The first such coin will be BTCB – bitcoin-provided token standard BEP2.

The company’s blog says that BTCB will hit the market in the coming days. It will be 100% secured with “digital gold”, while the addresses of its reserves are open and available for auditing. To date, Binance has already issued 9001 BTCB coins. With the launch of a new token on the platform, the BTCB / BTC trading pair will appear. According to representatives of the company, the new token will increase liquidity and trading volume on the exchange. In addition, the company is exploring the feasibility of listing BTCB on the Binance DEX non-custodial platform.

Leave a Reply

Your email address will not be published. Required fields are marked *