Binance Continues To Make Money Moves

Binance, one of the largest cryptocurrency exchanges by volume, is issuing a bitcoin-backed token, the firm announced in a blog post on Monday.Named BTCB, the tokens are reportedly 100% backed by bitcoins held in a reserve address, and will be issued by the exchange’s native blockchain network, Binance Chain.BTCB’s launch is part of a larger move by the exchange to boost the selection of tokens available for trading on Binance DEX, Binance’s recently-launched decentralized exchange. BTCBs will be available for trading via a BTCB/BTC trading pair on Binance’s main platform, and can then be transferred to Binance DEX for trading.“With

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