Even so, it remains the dominant centralized exchange in the industry. Source
Crypto Exchange Binance Trading Volume Fell Almost 50% in April
Tag: Binance
Binance Launches Capital Connect for VIP Program Users
Binance noted that it will provide crucial information through Capital Connect including assets under management (AUM) of different funds, their performance records, and minimum investment amounts. The leading centralized exchange with more than $38 billion in daily traded volume Binance has continued to re-invent the financial markets for the betterment of the globally unbanked population. The exchange takes pride in more than 120 million global registered users who actively trade more than 350 digital assets. With its huge global reach, the crypto exchange has worked to separate high-net-worth investors to get…
Crypto Whales Accumulate Millions in Pepecoin as Trading Volume Shifts to Binance
CryptoX – Cryptocurrency Analysis and News Portal Larger market participants are buying up the meme coin even as prices dunk, suggesting another leg up might be on the cards soon. Original Source The post Crypto Whales Accumulate Millions in Pepecoin as Trading Volume Shifts to Binance appeared first on CryptoX. CryptoX Portal
Binance Unveils Plans to List Bitcoin Ordinals on Its NFT Marketplace
Binance has been aggressively growing its NFT marketplace in a variety of ways in order to become a top platform for buying, selling, and trading NFTs. Binance, the world’s largest crypto exchange has expressed interest in adding Bitcoin Ordinals to its Non-Fungible Token (NFT) marketplace by the end of May. According to the announcement, Binance will also offer royalty support and additional revenue-generating opportunities for Bitcoin NFT creators. Bitcoin Ordinals are becoming popular and unique in the NFT ecosystem thus fueling the push by Binance to add it to its…
Bitcoin fee spike spurs shift to Lightning Network — Binance and Coinbase line up
The recent surge in Bitcoin (BTC) transaction fees has lit a fire under one of the largest crypto exchanges to upgrade to the Bitcoin Lightning Network. Following a second halt in withdrawals, Binance announced it would work on “enabling BTC Lightning Network withdrawals, which will help in such situations.” To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed. Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in…
Binance Dives Into the Metaverse With BuildTheBlock Competition
The first edition of the Binance BuildTheBlock competition will feature 12 contests. The Binance exchange, the world’s largest digital currency trading platform has launched the BuildTheBlock competition, a reality TV show that it said will be streaming entirely in the metaverse. Tagged as the first of its kind, the BuildTheBlock competition is designed to help aspiring Web 3.0 entrepreneurs pitch their ideas to a panel of judges in a live audience. For the first time ever, we’re bringing the thrill of reality shows to the metaverse with #BuildTheBlock! Watch as…
Binance Adds Support for Bitcoin NFTs
Binance NFT, which already supports NFTs on Ethereum, Polygon and its native BNB Chain, plans to expand its offerings by allowing traders to purchase Ordinals on the Bitcoin network. Collectors can soon buy and sell inscriptions, or NFTs created on the Bitcoin network, expanding the reach of the nascent Ordinals ecosystem. Original
Bitcoin ordinals hit Binance NFT Marketplace in latest update
Bitcoin ordinals — also known as Bitcoin NFTs — have made their way into the limelight of the Web3 space, as more marketplaces continue to adopt and offer digital assets. On May 9, the cryptocurrency exchange Binance announced that it will support Bitcoin ordinals on its NFT marketplace in late May. The development will expand Binance’s multichain NFT ecosystem to include the Bitcoin network. Previously the Binance NFT market integrated with other decentralized networks, including BNB Chain, Ethereum and Polygon. Mayur Kamat, the head of product at Binance, commented on broadening…
Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues – Exchanges Bitcoin News
Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a large backlog of operations stuck as a consequence of high transaction fees. Binance Announces It Is Working on Implementing Lightning Network Withdrawals Leading cryptocurrency exchange Binance has recently announced it is working to integrate Lightning Network, a bitcoin-based scaling solution, into its platform. The exchange made the…
First Mover Asia: Binance Congestion Chaos Weighs Heavy on Bitcoin
ALSO: A crypto market analyst calls bitcoin’s travails of the past two days “growing pains,” and says the largest crypto by market cap “will be fine in the long run.” Original