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The Most Forceful Binance Announcements Before The Morning End

Believe it or not, we have not yet been able to overcome the controversial news of the alleged accusation of plagiarism by the Bitmex CEO towards the Binance CEO. A very funny battle from our point of view. 😅

Anyway, in the last hours there was some news from Binance that you should know before the lunch.

Binance Partners With Paxos Global

The regulated financial institution, Paxos Trust Company, and global and Binance, today announced its partnership to launch a USD-denominated stablecoin, Binance USD (BUSD), which has received approval from the New York State Department of Financial Services (NYDFS) as says the oficilal blog.

BUSD will be available on Paxos for direct purchase and redemption 1:1 for $USD and available on binance.com for trading initially against BTC, BNB and XRP.

Binance’s Venture Arm Is Leading A $5.7 Million Fundraiser

Binance’s venture arm is leading a $5.7 million fundraiser for a protocol looking to make wallets easier to use.

Developer Dapix is making strides in the development of its Foundation for Interwallet Operability (FIO) protocol bolstered with the latest funding. The protocol could lower the barrier to entry in crypto by abstracting the need to understand private keys and public addresses according to theblockcrypto.com.

Binance Increases Margin Asset Borrowing

Binance will increase the borrowing limits of each available margin asset and also the Margin Trading VIP structure at 2019/09/05 1:00 PM (UTC).

You can check The Upgraded Margin Basic Asset Borrowing Limits here www.binance.com/en/support.

Binance Is Listing Chiliz (CHZ)

In another hand, Binance will list Chiliz (CHZ) and open trading for CHZ/BNB, CHZ/BTC and CHZ/USDT trading pairs at 2019/09/06 4:00 AM (UTC) as it was announced.

Users can now start depositing CHZ in preparation for trading.

JEX Token Airdrop Program For All BNB Holders

Binance has completed the acquisition of JEX, a crypto-asset trading platform offering spot and derivatives trading services as wrote in the support page.

JEX has renamed to Binance JEX and will operate as an independent team within the Binance ecosystem.

Detailed Distribution

JEX received by each user = Total JEX tokens to be distributed * User BNB holdings ratio.

User BNB holdings ratio = Lowest user BNB holding amount each day / Total of all lowest user BNB holding amounts each day as described the support page.

Disclaimer: In no way does this article recommend the purchase of any assets, this is a personal opinion of the author. Investment in cryptocurrency is extremely risky and volatile. Also, if you are an investor, always do your own research before investing in anything!

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