Popular cryptocurrency exchange OKX recently announced that rival exchange Binance’s local altcoin Binance Coin (BNB) announced that it will list
OKX is the second largest cryptocurrency exchange in the world in terms of trading volume, after Binance.
OKX Lists Rival Exchange Altcoin
The company announced that it will list the rival exchange’s altcoin, BNB, with the following words:
“OKX is pleased to announce that BNB (BNB) has started trading on our spot trading markets.
Trading of BNB will start according to the following schedule:
BNB deposits will be opened on December 20 at 16:00 Turkish time.
BNB/USDT, BNB/USDC Spot trading will open on December 21 at 06:00 Turkish time.
BNB withdrawals will start on December 22 at 06:00 Turkish time.”
🚨 #NewListing: $BNBthe native token of @binance gets listed on #OKX!
🟢 Deposits are OPEN
🟡 BNB/USDT & BNB/USDC Spot trading: 3:00 am Dec 21 (UTC)
Details ⬇️
— OKX (@okx) December 20, 2022
OKX also introduced BNB in its official announcement as follows:
“BNB powers the Binance ecosystem and is the native asset of Binance Chain. BNB is a cryptocurrency created in June 2017, launched through an ICO in July, and initially issued as an ERC-20 token.
Designed to be used for fee reduction on the Binance exchange, the scope of BNB has expanded over the years. BNB powers Binance Chain as its native chain token. For example, on Binance DEX it is used to pay fees, issue new tokens, send/cancel orders and transfer assets.
Besides its on-chain functions, BNB has many additional uses, such as fee discounts on multiple exchanges (eg Binance.com), payment presence in third-party services, and participation rights and trading currency on Binance Launchpad.
At the core of the BNB economy is a burning mechanism that causes periodic decreases in its aggregate supply (approximately every three months). From the initial maximum supply of 200 million, incineration is expected to continue until the supply reaches 100 million.”
*Not investment advice.
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