Binance Fuels DeFi Demand By Enlisting WBTC

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Binance
Binance
Binance
sam | Bitcoin World 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.

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