Binance Jersey Lists Exchange’s New UK Pound-Backed Stablecoin

The Jersey arm of Binance has listed the cryptocurrency exchange’s own British pound-backed stablecoin. Binance announced Friday that Binance GBP (BGBP) is being offered on the fiat-to-crypto platform due to trader demand for more stablecoin options. “There has been an overwhelming demand in the market and Binance community for more stablecoin diversification, including a GBP-pegged stablecoin, and listing BGBP is in response to it,” said Binance CFO Wei Zhou. Binance Jersey launched back in January to offer trading in bitcoin and ethereum against the British pound and the euro. Jersey is a British self-governing dependency.…

Binance Eyes Launch of Crypto Exchange in South Korea

Binance, the world’s top exchange by trading volume, is considering launching a branch in South Korea, according to reports. Changpeng “CZ” Zhao confirmed the possibility to local news source Block In Press on Tuesday, saying (via translation) that the firm is “working with local partners, but we do not know the details.” However, according to a report by CoinDesk Korea, a business entity dubbed Binance LLC has been established in the country, with the director listed as Jiho Kang of BXB Inc., a firm offering a Korean won-backed stablecoin. A Binance representative reportedly told Block…

Binance Expands Fiat Trading Pairs for Singapore Exchange

Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10. Binance Singapore has been first launched in April, but with limited functionalities and only one trading pair. Now, Binance Singapore will now allow users to buy and sell cryptocurrency for Singapore dollars. Currently, local users can buy Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) on the platform, with more crypto coming in the future. The platform reportedly allows for instantaneous deposits and withdrawals via the…

Binance Launches Platform ‘2.0’ as Margin Trading Goes Live

The top crypto exchange by trading volume, Binance, has launched version 2.0 of its platform – a move that officially adds margin trading for its customers. The firm revealed that margin trading was on the way in late May, and said that the service would feature up to 20x leverage soon after. In an announcement Thursday, Binance indicated that leverage (the amount that can be borrowed against a user’s crypto collateral) is just 3x, however. “Your Margin Wallet balance determines the amount of funds you can borrow, following a fixed…

Binance Cuts Time Needed for BTC, ETH Deposits and Withdrawals

Binance has just cut the time needed to make withdrawals and deposits in two top cryptocurrencies. The crypto exchange announced Tuesday that it’s adjusted its systems so that the number of block confirmations – in effect, how long before a transaction is considered confirmed as complete and can be executed – has been halved for bitcoin (BTC) deposits to 1 block confirmation. Withdrawals will take two confirmations. For ethereum (ETH) and related ERC-20 tokens, Binance said 12 block confirmations are now required for deposits and withdrawals – that’s down from the previously…

Dogecoin Finally Listed on Binance — DOGE Price Up 30%

Major cryptocurrency exchange Binance announced that today it will list dogecoin (DOGE) in a post on its website on July 5. Starting at noon UTC today, the following dogecoin pairs will start being traded on the exchange: DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC. Furthermore, users can already deposit their dogecoin on the exchange in preparation for the trading. As of press time, it looks like the coin in question reacted by reporting significant gains. DOGE is up about 31% over the last 24 hours, and most of the gains have…

Dogecoin Price Surges 37% Following Binance Listing Announcement

The price of the popular dogecoin cryptocurrency is surging after the announcement that it will soon be listed on the Binance exchange. Binance said in a support notice that trading will open for dogecoin (DOGE) at midday (UTC) Friday. The exchange will at launch offer trading pairs for DOGE against Binance coin (BNB) and bitcoin (BTC), as well as the stablecoins tether (USDT), Paxos standard (PAX) and USD Coin (USDC). Users can already deposit DOGE in preparation for trading, the exchange said. The news has given a big boost to the price of…

Binance Charity Announces Alliance to Support Feminine Health

The Binance Charity Foundation (BCF) has announced a new initiative for improving feminine health. BCF, which is the philanthropic arm of cryptocurrency exchange Binance, announced an alliance of 47 organizations to make a token geared towards women’s health in a blog post on July 3. 46 organizations, including industry players such as Ripple, smart contract security firm Quantstamp, and digital assets venture company Blockseed Ventures, have joined BCF to promote the “Pink Care Token” (PCAT) geared to help improving feminine health in developing countries. PCAT is a redemption-only token issued…

Binance to Switch Tether Addresses from Omni to ERC-20

Major cryptocurrency exchange Binance has announced that it is switching from Omni-based addresses to ERC-20-based addresses in customer wallets for the stablecoin tether (USDT), according to an official announcement on July 3. In order to make the switch, Binance says that there is a 30-minute downtime planned for USDT withdrawals and deposits on July 4, beginning at 08:00 a.m. (UTC). The announcement notes that Ethereum’s ERC-20 based addresses will be the standard from now on, and exchange users will not be able to withdraw Omni-based USDT; however, Omni-based USDT can…