World’s Biggest Crypto Exchange Binance is launching a competitor for Ethereum

Binance Chain will be a stand-alone token issuing Platform

Binance stays in the headlines being the biggest Crypto exchange in the World by volume, but in the last few days, it got more space on the newswires with some major announcements from the Crypto behemoth. Binance’s CEO, Changpeng Zhao (CZ), announced his intentions to launch Binancechain in a private event in Singapore organized by Forbes Asia. The announcement was later formalized through the company’s Twitter account in the following words.

“Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. e.g we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens.”

Basically, this means adding a platform like Ethereum where new digital tokens & blockchain projects could be launched. The company is claiming that this would help in getting a wider adoption of the DLT apart from the obvious result of extending the Binance ecosystem even further. This was followed up a couple of days later with a preview of additional features…