• Sat, 16 Feb 2019, 08:05 AM
  • All times are UTC
  • Edition:
    International
Link copied

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

Wed, 05 Dec 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) $3,634.34 (+0.16%)
  • Ethereum (ETH) $123.13 (+0.21%)
  • XRP (XRP) $0.302200 (-0.22%)
  • Litecoin (LTC) $43.95 (+3.13%)
  • EOS (EOS) $2.82 (+0.24%)
  • Bitcoin (BTC) $3,634.34 (+0.16%)
Feb 15, 2019 (Friday)
10:50
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
09:39
Rabobank pumps ‎€80M into venture fund to drive fintech and agtech investments
09:06
Enterprise Ethereum Alliance to launch token task force in 2019
07:21
BitTorrent unveils new payment card for BTT tokens
06:09
Luxembourg lawmakers pass blockchain bill into law
05:11
Canadian crypto exchange Coinsquare acquires StellarX
04:12
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
03:41
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed
Feb 14, 2019 (Thursday)
12:11
JP Morgan to trial own cryptocurrency ‘JPM Coin’ for instant client payments: Report
11:04
Intel announces new product to accelerate blockchain deployment
09:47
Huobi Wallet adds support for Japanese and Korean languages
09:11
US CFTC includes cryptocurrencies in 2019 examination priorities
07:24
Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25
06:07
Italian interbank blockchain project enters pre-production phase
05:14
Enterprise Ethereum Alliance opens regional office in China
04:16
UC Berkeley launches blockchain accelerator for early stage startups
03:39
Former JPMorgan Chase executive joins blockchain startup Vakt as CEO
Feb 13, 2019 (Wednesday)
11:46
New feature to enable Coinbase Wallet users to backup private keys on Google Drive and iCloud
10:52
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
09:45
Gibraltar Blockchain Exchange lists ICNQ token on GBX-DAX
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft