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Tag Archives: Binance

Binance Dips its Toes Back into China by Testing Alipay

Oct 12, 2019

Vincent He

Binance’s Changpeng Zhao publicly confirmed on Twitter that  the exchange accepts fiat through Alipay and WeChat , and stressed it in an official statement. This is obviously too careless for Zhao to announce the issue that triggered Alipay’s ban on all crypto-related transactions. ...

Analysis: Chinese Crypto Exchanges’ Financial Products

Sep 18, 2019

Vincent He

Financial products of the major crypto exchange in China are focusing on depositing crypto to generate interest, and the interest comes from the income of leverage trading is lower than the average level; Crypto wallet is the most used access to provide financial products, involving deposit, Sta...

Binance to Burn $2.4 bln Worth of BNB, Reduce Token Supply

Jul 13, 2019

Olusegun Ogundeji

Top cryptocurrency exchange, Binance, has initiated the process of giving up 40% allocation of the total supply of its native token Binance Coin (BNB). The earmarked 80 mln BNB (currently worth about US$2.4bln) was originally meant to reward the Binance team for their effort at build...