Changelly Announces Binance Coin Listing on Its PlatformJun 20, 2018, 7:25PM
Changelly announced the listing of Binance Coin to its platform. The broker will provide more users with access for the direct trading of cryptos
After announcing a partnership with Binance last April, Changelly has announced today that Binance Coin (BNB) will be added to its exchange platform. This partnership will open new opportunities for both companies, as Changelly’s two million registered users will gain access to one of the fastest trading platforms in Binance as well as being able to exchange the Binance Coin instantly for other cryptocurrencies and even buy BNB with a Visa or Mastercard.
Binance and the Binance Coin
Based on ERC20 token, the Binance Coin is the gas that powers the Binance ecosystem. It can be used to pay discounted fees on the exchange, to execute payments on the Monaco platform, and to buy virtual gifts on the Uplive video platform. There is currently a capped supply of 200 million Binance tokens, which will be progressively reduced (through a buyback system) to reach a cap of 100 million. The Binance Coin will also fuel a decentralized exchange, which Binance has scheduled to launch in the near future.
Changelly acts as an intermediary between crypto services and end users, providing a simplified exchange solution. The reputable exchange can process around 15k transaction per day and has partnered with important players like Jaxx, Coinmarketcap, and Bittrex. Changelly makes use of an algorithm previously integrated into the Binance trading platform, from which it retrieves real-time data for 120 cryptocurrencies. Binance can process 1.4 million trades per second across a variety of the most popular trading pairs. Its team consists of fintech and crypto experts that primarily focus on the safety, robustness, and stability of the platform.
Changelly’s CEO Konstantin Gladych announced the BNB listing in a tweet amidst considerable excitement. The move represents another milestone for the company, which has seen steady growth in the cryptosphere since its establishment in 2015.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.