•   News
  •   Social
  •   Market
  • News
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Altcoins
  • Blockchain
  • Social
  • Bitcoin Regulation
  • ICO
  • Bitcoin Cash
CoinPath
  •   News
  •   Social
  •   Market
  • Contact
  • Facebook

  • Twitter

  • Pinterest

  • Instagram

  • LinkedIn

  • RSS


Home » BGBP »


Binance rolls out native GBP-backed stablecoin on Binance Jersey to diversify trading options

Binance rolls out native GBP-backed stablecoin on Binance Jersey to diversify trading options

A week in the cryptocurrency world cannot go by without an announcement from Binance.

Binance, the world’s largest cryptocurrency exchange by ‘real volume,’ has announced that its native-stablecoin would be listed on Binance Jersey.

BGBP, the Great British Pound [GBP]-backed stablecoin, will be added to Binance Jersey, the fiat-to-crypto exchange to expand its trading options. Presently, the exchange only offers buying and selling cryptocurrencies option with the GBP and the Euro [EURO].

Wei Zhou, Chief Financial Officer of the exchange, commented on the “overwhelming demand” for “stablecoin diversification,” which the company is adhering to by rolling out the BGBP stablecoin.

He added,

“Use cases and the utility of stablecoins have increased as well as BNB, which has tripled since the beginning of the year and continuing to grow rapidly with the advancement of Binance Chain.”

The inclusion of the GBP-stablecoin is the first step towards expanding Binance Jersey’s trade diversification, with the goal of enhancing their trade-tech and improving customer experience.

Binance GBP Stablecoin or BGBP, was introduced back in early June on the exchange’s native blockchain, Binance Chain. However, despite an official announcement, CEO Changpeng Zhao stated that the stablecoin was in a “testing phase” and only £200 of BGBP had been minted, as on June 3.

From West to East, Binance is looking to add yet another location to its growing list of fiat-to-crypto exchanges. Earlier this week, it was reported that Binance representatives were working with “local partners” to set up an exchange in South Korea.

CZ told reporters that the “details” of the “establishment of the Korean branch” were still being discussed. However, the same cannot be confirmed. A report by a local media outlet added that the exchange had held talks with a local blockchain company,

 » Read Full Article «

AMB Crypto
AMB Crypto
July 20, 2019
Related ItemsBGBPBinanceGreat British PoundNewsSocialTrading View
BGBP
July 20, 2019
AMB Crypto
AMB Crypto

Related ItemsBGBPBinanceGreat British PoundNewsSocialTrading View

More in BGBP

  • binance-launches-p2p-trading-functionality;-enables-bitcoin,-ether,-usdt-trading-against-cny
    Read More
    Binance launches P2P trading functionality; enables Bitcoin, Ether, USDT trading against CNY

    Malta-based cryptocurrency exchange, Binance, has been broadening its horizons in every possible way. It’s in the news...

    AMB Crypto October 9, 2019
  • binance-to-launch-“venus”-stablecoin-network
    Read More
    Binance to Launch “Venus” Stablecoin Network

    '); --> Binance to Launch “Venus” Stablecoin Network | BTCMANAGER Bitcoin, Blockchain & Cryptocurrency News Show details...

    BTC Manager August 20, 2019
  • the-world’s-biggest-crypto-exchange-is-testing-a-british-pound-stablecoin
    Read More
    The World’s Biggest Crypto Exchange is Testing a British Pound Stablecoin

    Binance is testing a stablecoin pegged to the British pound. | Source: Shutterstock; Edited by CCNThe World’s...

    CCN June 5, 2019
  • binance-launches-gbp-backed-stablecoin-bgbp-on-binance-chain
    Read More
    Binance launches GBP-backed stablecoin BGBP on Binance Chain

    Binance, the largest cryptocurrency exchange in the world and one of these most recognizable names in the...

    AMB Crypto June 3, 2019
Scroll for more
Tap
CoinPath
  • Popular

  • Latest

  • anonymity-in-china’s-crypto-yuan-is-bad-news-for-us-lawmakers
    Anonymity in China’s Crypto Yuan is Bad News for US Lawmakers
    ChinaNovember 13, 2019
  • planb:-$1,000,000-btc-prediction-on-track-despite-crypto-‘panic’-–-bitcoin,-xrp,-ethereum-newsflash
    PlanB: $1,000,000 BTC Prediction on Track Despite Crypto ‘Panic’ – Bitcoin, XRP, Ethereum Newsflash
    BitcoinNovember 23, 2019
  • karatbars-proves-its-business-model
    Karatbars Proves Its Business Model
    BlockchainNovember 15, 2019
  • bitcoin-(btc)-bottom-warning,-ripple’s-xrp-blueprint,-and-litecoin’s-binance-boost-–-crypto-newsflash
    Bitcoin (BTC) Bottom Warning, Ripple’s XRP Blueprint, and Litecoin’s Binance Boost – Crypto Newsflash
    BitcoinNovember 10, 2019
  • pewdiepie-wants-a-tesla-cybertruck-because-it’s-basically-a-halo-warthog
    PewDiePie Wants a Tesla Cybertruck Because It’s Basically a Halo Warthog
    Elon MuskNovember 23, 2019
  • hideo-kojima-thinks-americans-are-too-dense-to-understand-death-stranding
    Hideo Kojima Thinks Americans Are Too Dense to Understand Death Stranding
    Death StrandingNovember 12, 2019
  • crypto-developer’s-arrest-for-aiding-north-korea-echoes-eerily-prophetic-2008-nyt-profile
    Crypto Developer’s Arrest for Aiding North Korea Echoes Eerily Prophetic 2008 NYT Profile
    cryptocurrency newsNovember 30, 2019
  • the-pot-stock-crash-will-dent-bitcoin-price,-claims-peter-schiff
    The Pot Stock Crash Will Dent Bitcoin Price, Claims Peter Schiff
    BitcoinNovember 18, 2019
  • from-fud-to-fomo-–-china-state-newspaper-says-bitcoin-is-‘successful’
    From FUD to FOMO – China State Newspaper Says Bitcoin Is ‘Successful’
    NewsNovember 12, 2019
  • crypto-exchange-news-update-for-1–30-november-2019
    Crypto Exchange News Update for 1–30 November 2019
    ExchangesDecember 2, 2019
  • the-achievements-and-milestones-of-the-temporal-project
    The Achievements And Milestones Of The Temporal Project
    AchievementsDecember 8, 2019
  • decentralized-liquidity-is-the-backbone-of-defi
    Decentralized Liquidity Is the Backbone of DeFi
    DefiDecember 8, 2019
  • blockchain-app-‘smashboard’-offers-help-for-india’s-sexual-abuse-victims
    Blockchain App ‘Smashboard’ Offers Help for India’s Sexual Abuse Victims
    BlockchainDecember 8, 2019
  • secret-bitcoin-indicator-signals-major-btc-bull-run-incoming,-says-crypto-hedge-fund-insider
    Secret Bitcoin Indicator Signals Major BTC Bull Run Incoming, Says Crypto Hedge Fund Insider
    BitcoinDecember 8, 2019
  • -unwriter’s-tools-explained,-practical-use-cases-reviewed
    _unwriter’s tools explained, practical use cases reviewed
    _unwriterDecember 8, 2019
  • ethereum's-istanbul-hardfork-goes-live-on-block-9,069,000
    Ethereum's Istanbul hardfork goes live on block 9,069,000
    AdoptionDecember 8, 2019
  • 8-december-2019-–-ltc/-btc-–-4-hourly
    8 December 2019 – LTC/ BTC – 4-hourly
    -hourlyDecember 8, 2019
  • bitcoin-etf-chances-jump-after-sec-green-lights-futures-based-fund;-here’s-why
    Bitcoin ETF chances jump after SEC green lights futures-based fund; here’s why
    AdoptionDecember 8, 2019
  • john-lee-discusses-how-blockchain-revolutionizes-esports-industry
    John Lee discusses how blockchain revolutionizes esports industry
    CoinGeek CoinversationDecember 8, 2019
  • bitcoin-cash-represents-93%-of-november’s-crypto-spending-in-australia
    Bitcoin Cash Represents 93% of November’s Crypto Spending in Australia
    AustraliaDecember 8, 2019
    Sqreen | Runtime Application Protection
    About - Terms - Privacy - Disclaimer - Verification - Contact

    © 2019 CoinPath Pty Ltd
    Made with in Australia

    King & Jester: Bitcoin’s price rally was six-times that of XRP in Q2 of 2019, finds report
    India: Cryptocurrencies are not prohibited in India, says MoS for Finance and Corporate Affairs