• Sat, Dec 15, 2018 01:51 AM
  • All times are UTC
  • Edition:
    International
Link copied

Crypto exchange Binance plans to launch own blockchain platform in coming months

Dec 05, 2018 10:58 am UTC

Binance, the world’s largest cryptocurrency exchange in terms of 24-hour trading volume, has announced that its proprietary blockchain “Binance Chain” will be ready in the forthcoming months.

Unveiled earlier this year in March, Binance Chain “will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.” The platform will focus on performance, ease-of-use, and liquidity.

Speaking at the “Decrypting Blockchain for Business” event hosted by Forbes Asia, Binance CEO Zhao Changpeng said that Binance Chain would enable the creation of new coins and facilitate ICOs.


“Fundamentally, I would like to see payment adoption increase,” said Changpeng. “That’s the original intent, but for some reason that’s not taking off, so we’re pushing really hard into that space.”

In addition, Binance has also released a preview of its planned decentralized exchange (DEX). It said:

“Binance DEX is a decentralized exchange built on top of Binance Chain, an upcoming blockchain where BNB will be the native coin. A community initiative, the DEX is being created with the support of Binance developers and technology, and is set to be released in early 2019.”

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,259.34 (-1.69%)
  • XRP (XRP) $0.289700 (-3.17%)
  • Ethereum (ETH) $84.82 (-2.26%)
  • Stellar (XLM) $0.098900 (-5.95%)
  • EOS (EOS) $1.84 (-0.85%)
  • Bitcoin (BTC) $3,259.34 (-1.69%)
Dec 14, 2018 (Friday)
11:06
Porsche taps BBVA blockchain platform for acquisition term loan
10:04
San Francisco-based security token platform TokenSoft invests in SEC-registered broker-dealer
07:03
PwC Russia partners with Bitfury to launch accelerator for blockchain projects
06:14
Former Apple executive Phillip Shoemaker joins blockchain identity startup Civic
05:11
South Korean internet giant Kakao pumps $15M in Israeli blockchain startup Orbs
03:59
Finablr’s Swych introduces blockchain-powered global gifting and shopping platform using Stellar Network
03:28
UAE, Saudi central banks to co-develop cryptocurrency for cross-border transactions
Dec 13, 2018 (Thursday)
11:34
CULedger latest to join R3 blockchain consortium
10:15
Opera launches new browser for Android with built-in crypto wallet
09:43
Mike Novogratz’s Galaxy Digital Ventures, Fidelity and others invest $4M in crypto lender BlockFi
08:56
UAE Exchange, Ripple to launch cross-border remittances to Asia by Q1 2019
06:56
Maersk, Heidmar and others to trial blockchain-based seafarer certification system
06:18
Blockchain in 2019: Continued mainstream adoption, increased standardisation of platforms and protocols, and survival of the fittest
04:50
Neo Global Capital backs decentralized blockchain computing platform Ultrain
04:12
Indian telecom regulator TRAI completes blockchain pilot with IBM
03:19
Bitwala launches crypto banking services in Germany
Dec 12, 2018 (Wednesday)
11:46
Boerse Stuttgart Group partners with solarisBank to develop crypto trading venue
10:13
Alibaba Cloud, Citi and others join Hyperledger blockchain project
09:59
Growing use of cryptocurrencies and mobile payments forces EU to strengthen rules on criminalisation of non-cash payment fraud
08:55
LINE Plus acquires GrayHash to boost security of fintech and blockchain services
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
EconoTimes