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Binance Fuels DeFi Demand By Enlisting WBTC

Binance
Binance

Amid the rising demand for DeFi, mega cryptocurrency exchange Binance, has enlisted WBTC.

“Binance will list Wrapped BTC (WBTC) and open trading for WBTC/BTC and WBTC/ETH trading pairs at 2020/08/31 8:00 AM (UTC). Users can now start depositing WBTC in preparation for trading.

Wrapped BTC is a token on Ethereum where the price is pegged to BTC at a rate of 1 WBTC = 1 BTC.Please ensure that you undertake sufficient risk assessment when trading newly listed tokens, as they are often subject to high price volatility,” Binance said in an official announcement.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.