09-07 17:55 - 'Binance lists WBTC amid the ongoing DeFi craze' (self.Bitcoin) by /u/cryptobusinessworld removed from /r/Bitcoin within 102-112min
''' [Binance lists WBTC amid the ongoing DeFi craze]1 Along with the DeFi rally, demand for Wrapped Bitcoin is increasing. [Binance]2 is the world’s largest cryptocurrency exchange in terms of market capitalization. It is listing another token to support the growth of decentralized finance or DeFi. [Recently, it had launched the token ONT-33D]3 for decentralized trading. Wrapped Bitcoin (WBTC) is a new ERC-20 token. It is pegged to the price of Bitcoin (BTC). It is now tradeable on Binance. Binance users can now start deposit WBTC as well as trade the token against Ether (ETH) and Bitcoin. Wrapped Bitcoin is an Ethereum-based token. It was introduced in 2019. It represents Bitcoin. One WBTC is equal to one BTC. WBTC is a joint initiative. It was launched by major DeFi players. These include Ren, BitGo, Kyber Network, Dharma, MakerDAO, Compound, and the Set Protocol. The token aims to bring more liquidity into the Ethereum network. It also aims to implement it in the DeFi industry. It is a part of WBTC’s functionality in DeFi. The token allows Bitcoin holders to keep holding BTC while also using DeFi apps to borrow or lend money. DeFi, or Decentralized finance, envisions a brand-new monetary system. The system is built on top public blockchains. DeFi platforms connect borrowers and lenders. This directly eliminates credit checks. These enable digital assets to be collateralized. DeFi provides decentralized lending as its key benefit. In 2020, the DeFi industry has been growing exponentially. The total value locked in the market has hit $9 billion on Aug. 30. Uniswap is the most widely-used decentralized exchange on Ethereum. It has surpassed significant crypto exchange Coinbase in daily volume on Aug 30. DeFi continues to see a meteoric rise. The demand for WBTC is also up, hitting $274 million in circulation by mid-August. This year, Binance has been embracing the DeFi market. In August 2020, Binance launched DeFi staking. This was in partnership with major industry players like Kava Labs and Compound Finance. In April, Binance issued a new DeFi token. It was backed by the crypto asset, Ontology (ONT). ''' Binance lists WBTC amid the ongoing DeFi craze Go1dfish undelete link unreddit undelete link Author: cryptobusinessworld 1: pr*view.re*d***/gj*x*gu11rl5**p*g***dt*=525*am*;*orm*t=p*g&*auto=webp&**=52a16*636e0*d9*809d5b9eea*4*ca4cc*0*f*46 2: crypto*u**ne*sw*rld.com/*rt*cle/4241/crypto-bus***s*-wor*d-*i*ance-car**t*-soon-expa*d-t*-th**u-s-as**wipe-ta*s-**w-p*rt****h*p 3: c*yptobusinessw**ld*c*m**rticle/*162/crypto-b*sine*s***rld-binan*e*i*sue*-o**-33-d**o**n-f*r-d**entra*ized-excha**e-t**ding Unknown links are censored to prevent spreading illicit content.
@cz_binance: Smart publicly listed company buys $250,000,000 worth of #bitcoin, as a safe heaven asset. Stimulus money flowing from Wall Street into #bitcoin. Are you in front or behind them? https://t.co/1FYLZERjkS
@BinanceResearch: New #Binance listing: @thorchain_org $RUNE. #THORChain is a decentralized cross-chain exchange where traders can swap cross-chain assets via liquidity pools across Binance Chain, #Ethereum, and #Bitcoin. Read the #RUNE research report👇 https://t.co/eOqyagUqvQ
@cz_binance: RT @Altcoinbuzzio: $BNB is one of the very few coins which outperformed Bitcoin over the past few YEARS. @binance burned >$60m worth of $BNB tokens and have some of the most impressive developments from any coin. We listed it as one of our Top Altcoins👇 ▶️ https://t.co/ZhcHrkSlsa
@cz_binance: RT @WhiteBit6: We are happy to welcome #BNB to our #exchange! Here’s a list of pairs with BNB available on our exchange at the moment: BNB/BTC, BNB/USDT, BNB/EUR, BNB/USD, BNB/RUB and BNB/UAH. @binance #whitebit #bitcoin #btc #cryptocurrencynews #blockchain https://t.co/WOdZuorS1W
Binance to Add Bitcoin Cash to Its Decentralized Exchange. This will be done by listing a new token on the DEX (BCH-1FD), which is backed by real BCH assets and issued on Binance Chain, becoming only the third crypto chosen to be added on Binance.
The Binance token (BNB) was created during the ICO event to fund the development of the Binance exchange. Binance is capable of processing 1.4 mil orders/second, has multi-language support and has all the major coins available – BTC, ETH, LTC, BNB etc. Trading fee is 0.1%. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Buy Crypto. Markets. Trade. Derivatives. Finance. English/USD. Support Center. Announcement. New Crypto Listings. Binance Lists Aergo (AERGO) Binance. 2020-10-21 07:00. Fellow Binancians, ... Blockchain Binance lists renBTC – What to expect next? Published. 56 mins ago. on. November 9, 2020. By. Republished by Plato Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Buy Crypto. Markets. Trade. Derivatives. Finance. English/USD. Support Center. Announcement. New Crypto Listings. Binance Lists ChatCoin (CHAT) Binance. 2018-01-31 10:21 ... Binance, arguably the world’s largest crypto-exchange by trading volume, today announced that it has listed renBTC, while also opening trading for RENBTC/BTC and RENBTC/ETH trading pairs at 1:00 PM UTC on 9 November 2020. Further, Binance’s users were allowed to deposit renBTC, in preparation of trading, beforehand. renBTC is a 1:1 representation of Bitcoin on […] Bitcoin Obituaries Lists Another Crypto Eulogy, 2020 BTC Deaths in the Single Digits ... $100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle... Nov 3, 2020. Yield ... — Binance (@binance) November 9, 2020 renBTC is a 1:1 representation of Bitcoin on Ethereum, one that can be redeemed for BTC at any time, in any amount. This listing is expected to have a spectacular effect on the crypto-asset’s price, with renBTC valued at $15,670.05 at the time of writing with a 24-hour trading volume of $5,191,446.
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