Binance Will Support WeChat And Alipay For Bitcoin Purchases

Photo: Coinspeaker Recently, Binance has announced that they will add two more fiat-to-crypto gateways, hence WeChat and Alipay. With this move, citizens of China now will be able to purchase Bitcoin, with these two payment options. Changpeng Zhao, the CEO of Binance, confirmed this news on his Twitter account: YES https://t.co/dnHKQSLvS4 — CZ Binance (@cz_binance) October 9, 2019 Currently, this initiative is only in the testing phase for Android users, but will eventually come out on iOS as well. By doing this, Binance is entering the P2P (peer-to-peer) trading space…

Binance Starts Accepting Fiat Currencies Through Alipay and WeChat

Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao (CZ) confirmed in a tweet on Oct. 9. Zhao was quick to clarify that, while it is accepting fiat through the aforementioned services, it is not working directly with WeChat or Alipay. Zhao noted that users are still able to use them for peer-to-peer transactions.  The move follows the implementation of Binance’s peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan…

Bored Bitcoin Traders Pump Binance Coin (BNB) by 11%

Binance Coin (BNB) was trading in an extremely positive zone on Wednesday as its top rival bitcoin kept underplaying investors’ bullish expectations. The eighth-largest cryptocurrency by market cap surged by up to 11.73 percent to establish a session high of 2,289 sats. It attracted a similar capital from the fiat market, rising by 11.12 percent against the US dollar or US dollar-denominated crypto-assets. At the same time, it’s market cap touched a sessional peak of $2.734 billion. Binance Coin (BNB) surges by more than 11 percent against the US dollar…

Binance Offers Chinese Bitcoin Traders a Lifeline with P2P Trading

Binance, the world’s largest crypto exchange by 24-hour trading volume has announced the launch of its peer-to-peer (P2P) crypto trading service for Chinese residents. Users will now be able to trade a few supported cryptocurrencies including bitcoin (BTC), ether (ETH) and Tether (USDT) against the Chinese yuan, according to a blog post from the exchange, October 9, 2019. Binance Helping Chinese Traders Circumvent Ban Binance, the Changpeng Zhao-led cryptocurrency trading venue that’s dedicated to fostering wider adoption of bitcoin, altcoins and distributed ledger technology via its numerous innovative products and…

Binance Launches P2P Trading for Chinese Yuan

Major cryptocurrency exchange Binance has launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese Yuan (CNY). In an announcement published on Oct. 9, the exchange revealed that the service will be initially available to Android users who already have Binance accounts registered for at least 30 days. The exchange states that users should update their Binance Android app to the latest version in order to gain access to the new service and that it will slowly roll out support for iOS and web interface going…

Crypto Exchange Binance Launches Eighth Phase of its Lending Product

Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7. In this phase, Binance will start offering 14-day fixed-term lending products. The subscribers will be accepted on a first-come, first-served basis. The subscription period begins on Oct. 10 and ends on Nov.10, while interest will be paid immediately after the term matures. An annualized percentage yield of 10% The digital assets included in the program are Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), EOS, Ethereum Classic (ETC), Ether (ETH), Chainlink (LINK),…

Morpheus.Network Adds Binance BNB Payment Option to its Supply Chain Management Platform

Morpheus.Network, the leading blockchain-based supply chain management platform has joined forces with another global cryptocurrency heavyweight to further simplify the entire process of cross-border shipments across the globe. The latest integration comes in the form of support for Binance Token (BNB) to make payments over the platform. According to a recent post on Morpheus.Network’s official blog channel, the company states that the support for Binance will make it possible for the users to pay with BNB tokens, whereas the recipient can choose a different cryptocurrency for settlement. A Journey Through…

Binance Integrates Coinfirm’s AML Platform to Comply With FATF Rules

Major cryptocurrency exchange Binance has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering (AML) compliance. New platform for FATF compliance The integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance with the AML rules issued by the Financial Action Task Force (FATF), according to a press release published on Oct. 3. The new measures set up by the FATF require that cryptocurrency operators establish the identity behind crypto funds senders and recipients, conduct proper due diligence to ensure they are not engaging in illicit activity,…

Udi Wertheimer Offers to Promote Binance in Exchange for SegWit Support

One of the Bitcoin (BTC) space’s best-known and most outspoken developers has pledged to advertise Binance for the rest of the year if the exchange implements specific features. Wertheimer is confident that Binance lacks SegWit, Lightning In a Twitter debate beginning on Oct. 2, Udi Wertheimer has made an unusual decision to influence development of Binance, one of the world’s biggest cryptocurrency exchanges.  Appealing to Binance CEO Changpeng Zhao (known as “CZ”), Wertheimer said he could potentially change his Twitter profile picture to Binance’s logo for the rest of the…

Binance Introduces Its Market Maker Program for High Volume Users

Major cryptocurrency exchange Binance announced in a blog post published on Sept. 30 that it is launching a market maker program. Per the announcement, users whose monthly trading volumes exceed 1,000 Bitcoins (BTC) — or can reach such volumes — and who also have quality market making strategies can immediately join the program. Binance explains that the aim of the initiative is to bring more liquidity to the exchange. A bid for more liquidity The firm notes that the program is limited to the spot markets of the trading platform…