Binance Fuels DeFi Demand By Enlisting WBTC

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

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.

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