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Tag Archives: binance usd

Bitcoin Price Stabilizes in $26K Range Following Recent Regulatory-Induced Volatility

The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector. The price of Bitcoin (BTC) seems to have stabilized as the world’s largest cryptocurrency by market cap recovers from recent volatility. Throughout last week, Bitcoin was unstable following regulatory issues that plagued the crypto industry and caused uncertainty and doubt. According to CoinMarketCap data, Bitcoin is trading at $26,147 after climbing less...

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Binance Is Heading Toward Global Fiat Market Seizure, 15 Fiat Currencies Added

Binance is extending partnership with Simplex to provide more fiat payment gateways and eliminate traction. The exchange seems to be aiming at global fiat to crypto payments dominance.Binance is adding more and more fiat currencies on its way to global dominance. It’s one of the major exchanges for cryptocurrency novices and pros,Israeli cryptocurrency payments startup Simpex will help the Binance exchange with the handling of fiat payments. Binance announced on Friday that users now can buy...

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Binance Launches Feature for Converting BUSD into Selected Stablecoins

Major crypto exchange Binance has announced a new Binance USD (BUSD) conversion function on its platform. Beginning immediately, users can now instantly convert a select number of stablecoins into the BUSD.Binance BUSD ConversionAccording to the announcement, the supported stablecoins for the new feature include Paxos Standard (PAX), USD Coin (USDC), TrueUSD (TUSD) and Tether’s USDT. For the first three, the announcement states that conversion to BUSD will be settled at 1:1. Binance will...

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Binance USD Illiquidity Stamps Wild $1,800 Bitcoin Price

The price of Bitcoin (BTC) collapsed in extreme fashion late last night. Some individuals were able to capitalize on the move more so than others — with the world's biggest cryptocurrency available at $1,800 per coin with Binance's own stablecoin, Binance USD (BUSD). BUSD currently is ranked 2064 by market capitalization and has a small 24-hour trading volume of $743,509 — or only 74.49 BTC — according to CoinMarketCap. It is this low liquidity that may have been responsible for the extreme...

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Binance’s US Crypto Exchange Will Start Crypto Trading Facility on Tuesday

The world’s largest cryptocurrency exchange by trading volumes, Binance, will debut its trading operations in the United States from Tuesday, September 24. For this, Binance has launched a completely different American subsidiary Binance US following the country’s regulatory laws.Starting Tuesday, Binance US will offer the trading facility in crypto-to-crypto and fiat-to-crypto trading pairs. Moreover, Binance US plans to list seven cryptocurrencies immediately upon launch. These include...

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Binance Invests Into Crypto-Data Website Mars Finance Pushing Its Valuation Past $200M

One of the world’s most popular cryptocurrency exchanges Binance has made its first strategic investment in China. The company has invested in Mars Finance, a news platform that focuses on the blockchain and cryptocurrency sector.As has been reported by Bloomberg, the investment is a part of Mars Finance’s funding round that valued the platform at about $200 million. According to the co-founder of Mars Finance Wu Jihan, investors in the round included Ceyuan Ventures and Matrixport, the...

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Binance Will List Its Binance USD (BUSD) Stablecoin Next Week

The guys at Binance have decided to make things work this time. Their partnership with Paxos Trust is finally going to pay off due to the launch of the token BUSD which is now expected to be listed on the Binance platform next week, as the official press release reads.This was announced today by the Chief Financial Officer of Binance Wei Zhou and the Co-founder and CEO Asia of Paxos Trust Company Richard Teo at the Invest Asia event in Singapore. Wei Zhou excited at the news said:“Launching a...

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