Binance, the world’s largest cryptocurrency exchange has listed BTTC/BUSD as one of the newest trading pairs on their platform and trading will officially open tomorrow at 11:00 (UTC).
Asides from BTTC/BUSD, Binance also added fiat currency trading pairs such as APE/BRL, AUDIO/TRY, and GMT/AUD.
#Binance adds new trading pairs:
🔸 $APE/ $BRL
🔸 $AUDIO/ $TRY
🔸 $BTTC/ $BUSD
🔸 $GMT/ $AUD
🔸 $MBL/ $BUSD https://t.co/WG4Z2QvVV6— Binance (@binance) April 28, 2022
Binance was one of the first trading platforms to fully support trading of the BTTC after BitTorrent’s announcement of their (BTT) token migration, redenomination, and renaming plan last January.
Currently, Binance has the following BTTC trading pairs available on their platform:
- BTTC/USDT
- BTTC/USDC
- BTTC/TRY
- BTTC/BUSD – Available tomorrow at 11:00 UTC
Binance USD (BUSD) is a USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance.
What is BTTC?
Last December 2021, BitTorrent announced that they are launching the first scalable heterogeneous cross-chain interoperability protocol called BitTorrent Chain and this has resulted in the BTT redonmination plan that led to creating the BTTC which was the newest native token of the BitTorrent platform. The BTT redenomination plan redenominated old BTT with a swapping ratio of 1:1000.
Since its announcement, major cryptocurrency exchanges such as Binance, Bibox, and Bithumb have all supported the BitTorrent (BTT) Token Migration, Redenomination, and Renaming Plan.
The new BTTC token would be primarily used for the following:
- Becoming a validator on the BTTC network;
- Staking on BTTC to gain rewards;
- Participating in the governance of the BTTC community;
- Paying for gas fees as a native token of BTTC.
What is Binance?
Binance is the largest cryptocurrency exchange in the world and it was founded by Changpeng Zhao, also known as CZ who is a trading software developer and he had been leading the exchange since July 2017.
📢 @binance is now the official Validator on #BitTorrent Chain!
💰Total Staked $BTT on Binance node is over 1000 Billion
👇Vote for your validator and earn with 32.98% APY now: https://t.co/cBGMB0V6jA
🗳️How to vote for Validator:https://t.co/guLwT3QQqu pic.twitter.com/Of44g3sUhu
— BitTorrent Inc. (@BitTorrent) April 20, 2022
The exchange provides its users with over 500 cryptocurrencies for trading, a massive selection of transaction types and they are one of the cheapest crypto trading platforms available in the market.
One of the key features of Binance that attracts users to its platform is its easy-to-use interface which allows newbie traders or experienced ones to use their platform with ease.
.@cz_binance‘s FAQ series: ‘Why #Binance Has The Most Competitive Fees in The Market’
Full blog ➡️ https://t.co/pUdpf5QYxn pic.twitter.com/J9Px5ppdPI
— Binance (@binance) April 22, 2022
They also provide two options when it comes to digital currency trading which is the basic and advanced views. The only difference between the two is that the advanced one offers a more in-depth technical analysis of digital currency value over time.
They also have their very own Binance Coin (BNB) which is their native crypto coin that powers the Binance ecosystem that can be used to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales, and more.
For more news and updates, see Tron Spark.
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