Tag: Binance

Binance ‘Buidls’ Bridge With India, Acquiring Leading Bitcoin Exchange

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Binance has acquired the well-known Indian crypto exchange WazirX, bringing easier cryptocurrency access to a population of over one billion. According to an announcement published on Nov. 21, users will be able to use Indian rupees (INR) to buy and sell crypto via the Binance Fiat Gateway as early as Nov. 25. Major morale boost for the Indian community During the first quarter of 2020, WazirX’s auto-matching engine will be integrated into the Binance Fiat Gateway so that Binance.com users will be able to directly place orders on the flagship…

Binance Exchange Is First Client for Paxos’ New Dollar Gateway

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Regulated blockchain company Paxos has launched a product allowing crypto exchange customers to more easily fund their accounts with traditional money. With its new Fiat Gateway service, Paxos said Tuesday that users will be able to execute simple swaps between U.S. dollars and stablecoins, including the firm’s own Paxos Standard (PAX). Notably, Binance, the world’s largest cryptocurrency exchange by trading volume, will be the first to integrate the product. The firm will also have its stablecoin, Binance USD (BUSD), included in the swap options. “Paxos is a trusted partner that keeps…

HTC Will Support Binance Chain With Special Edition Smartphone

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Smartphone developer HTC plans to provide support for Binance Chain with a new special edition version of its blockchain mobile. The company announced Tuesday that it would release an EXODUS 1 smartphone that integrates with crypto exchange Binance’s namesake blockchain, providing support for its decentralized exchange and token. The EXODUS 1 Binance edition will integrate Binance Chain with the device’s native Zion Vault wallet app, according to the announcement. Essentially, users will be able to directly access the Binance DEX using the phone. HTC decentralized chief officer Phil Chen said…

Binance to Advise Ukraine Government on Upcoming Crypto Regulation

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Malta-based cryptocurrency exchange Binance has agreed to help Ukraine prepare new rules for cryptocurrencies, as well as digitize the country’s finances. Announced by the exchange Wednesday, Ukraine’s Ministry of Digital Transformation has signed a memorandum of understanding (MoU) with Binance to work together on “establishing the potential legal status of virtual assets and currencies in the country.” The ministry was founded in September to supervise Ukraine’s transition to a digital economy and online government services. Under the MoU, Binance and the ministry will start a joint working group to discuss…

Binance to Open Beijing Office Amid China’s Renewed Blockchain Push

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Malta-based cryptocurrency exchange Binance is opening an office in Beijing, two sources with knowledge of the matter told CoinDesk. The new outpost will join Binance’s current mainland China office in Shanghai. It’s not clear what exactly the office will do or when it will open, but the move follows a slew of announcements from Chinese authorities, including President Xi Jinping outlining China’s new blockchain ambitions. Relations between Binance leadership and Chinese authorities appear to have warmed recently, with the exchange publishing a report on China’s plans for a digital fiat currency over…

Eyeing African Market, Binance Adds Nigerian Fiat-to-Crypto Gateway

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Binance has added a fiat-to-crypto gateway for Nigeria’s Niara (NGN), the company said. Facilitated by payments network Flutterwave, the addition starts a new phase of Binance adding sub-Saharan fiat pairs, the company said in a statement. In “the near future” the high-volume global exchange will also introduce gateways for South Africa’s Rand (ZAR) and Kenya’s Shilling (KES), Binance said. At launch, Binance limited the Nigerian trading pairs to BUSD/NGN, BNB/NGN and BTC/NGN. Investors can deposit between 150 NGN (about $.40) and 430,000 NGN (about $1,200) for a 1.4% fee, Binance…

Binance CEO: Russian Ruble to Be First Fiat-Crypto Trading Option

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Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble: “We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian ruble trading, direct.” Until now, the company’s primary service, binance.com, has only supported crypto-to-crypto trading. However, it has launched local fiat gateways in Uganda, Singapore, Jersey and, most recently, the U.S. Binance had said in September that fiat…

Binance Hikes Leverage to 125x for Launch of Bitcoin-Tether Futures

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Binance’s futures exchange is raising leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts today. The cryptocurrency exchange first announced its futures platform in early July, at the time hinting it would allow 20x leverage. Now, futures traders can now choose leveraged positions between 1x and 125x, it said Friday. “We have seen an increase in institutional participation in trading … And they are flocking to Binance Futures,” said Binance CEO Changpeng “CZ” Zhao in a statement. “The market has been demanding a product with superior stability and performance; now…

Bored Bitcoin Traders Pump Binance Coin (BNB) by 11%

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Binance Coin (BNB) was trading in an extremely positive zone on Wednesday as its top rival bitcoin kept underplaying investors’ bullish expectations. The eighth-largest cryptocurrency by market cap surged by up to 11.73 percent to establish a session high of 2,289 sats. It attracted a similar capital from the fiat market, rising by 11.12 percent against the US dollar or US dollar-denominated crypto-assets. At the same time, it’s market cap touched a sessional peak of $2.734 billion. Binance Coin (BNB) surges by more than 11 percent against the US dollar…

Udi Wertheimer Offers to Promote Binance in Exchange for SegWit Support

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One of the Bitcoin (BTC) space’s best-known and most outspoken developers has pledged to advertise Binance for the rest of the year if the exchange implements specific features. Wertheimer is confident that Binance lacks SegWit, Lightning In a Twitter debate beginning on Oct. 2, Udi Wertheimer has made an unusual decision to influence development of Binance, one of the world’s biggest cryptocurrency exchanges.  Appealing to Binance CEO Changpeng Zhao (known as “CZ”), Wertheimer said he could potentially change his Twitter profile picture to Binance’s logo for the rest of the…