ProBit Exchange Announces Support of Binance Smart Chain to Promote Interoperability and Composability Across Blockchain Space
ProBit Exchange will be supporting the Binance Smart Chain according to its corporate mantra of promoting development in both the burgeoning $39M DeFi sector and democratizing access to the innovative financial solutions in the cryptocurrency space.
Based on demand from Binance Smart Chain deployed blockchain protocols, ProBit Exchange has completed full integration to support all BEP-2, BEP-8, and BEP-20 tokens, including the recently listed yield farming-based KEBAB and CHIK tokens.
BSC based DEX Nagaswap is the first Binance Smart Chain project to be featured on ProBit Exchange IEO and successfully raised over $800,000, demonstrating the widespread retail interest in BSC deployed projects.
The decision was made in a wider bid to promote innovation and accessibility towards a robust ecosystem for blockchain development. From its inception in 2019, ProBit Exchange has been an ardent supporter of disruptive technologies in the space, having carefully vetted blockchain projects poised to make immediate contributions towards the ethos set out by Web3.
The exchange currently has over 1,000 pairs listed to serve a global base with unparalleled trading options including a key KRW pair that has enabled it to establish itself as one of the premier exchanges across South Korea. It’s IEO and Exclusive subscription features for PROB holders serve as the ultimate showcase for promising blockchain protocols as evidenced by the nearly $3,000,000 raised in 2021 IEO as of press time.
ProBit Exchange continually scours the cryptocurrency space for disruptive elements that align with its corporate vision of bridging centralized and decentralized finance, and Binance Smart Chain’s DeFi turnkey solution for prospective developers has already proven to be a force to be reckoned with due to its porting capabilities and represents yet another challenger to the throne currently occupied by Ethereum.
Binance Smart Chain is a parallel, standalone blockchain that can port dApps from other blockchains thanks to its EVM compatibility, giving it full cross-chain capabilities. The protocol provides a sturdy, readily accessible infrastructure for blockchain developers as its main value lies in smart contract support while capitalizing on the higher throughput of the Binance Chain for faster and more affordable transactions.
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