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Binance, the world's largest encrypted exchange with trading volumes, will launch its "Binance Chain" blockchain in the "coming months", as the company revealed in a Tweet December 4th.
The new blockchain supported by Binance aims to provide a basis for the creation of new cryptocurrencies and tokens Initial Coin Offering (ICO), as the company said in the tweet:
"Binance is pushing for the adoption of blockchain and is doing a lot of things to help the industry progress, for example, we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens".
According to Forbes, Binance announced their plans during a recent private event in Singapore hosted by Forbes Asia. Speaking at the "Decrypting Blockchain for Business" event, Binance's CEO Changpeng Zhao (CZ) said the new plans actually indicate an old view of cryptography, which should lead to increased scale adoption. global.
To achieve a fundamental "increase in the adoption of payments", CZ said that the company "will push very hard into that space", since their "original intent" has not taken off "for some reason".
The author of Forbes, Michael del Castillo, who unveiled the latest news, commented chirping who expects there will be "millions of coins and thousands of blockchain".
On November 8, CZ revealed that Binance's business was still "very stable", despite the recent decline in trade volume by about 50%, as well as the significant collapse of the cryptographic markets this year. The CEO of Binance said that while Binance owned only 10% of the trading volumes they had in January 2018, volumes are still higher than those of "two or three years ago" and the business is "still profitable" ".
Recently, Binance launched its fiat-to-crypto exchange in Uganda, allowing its customers to purchase two major cryptocurrencies – Bitcoin (BTC) and Ethereum (ETH) – with local currency for Uganda shillings (UGX).
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