The leading cryptocurrency exchange, Binance is popular for its high-end features. The Binance Jersey, Fiat-crypto exchange has recently listed a new proprietary GBP-backed stablecoin, as per the recent news by sources. There has been an overwhelming demand for a stable coin. With the listing of the Binance GBP Stablecoin (BGBP), it has come into an indication that the major leading exchanges had always its target on issuing its own fiat-pegged assets, beginning it with a cryptocurrency which is 100% backed by the British pound. To avail more information about Binance platform, you can dial Binance support number which is functional all the time for guidance. The team is always up to listen to your queries and make sure to serve solution that is important and at the same time, easy to execute. You can always contact the team to get solutions to resolve your queries at the earliest.
Recently, Wei Zhou the Binance Chief Financial Officer made a statement stating that there has been out of the box demand in the market and Binance community is up for more diversification on stablecoin that also includes a GBP-pegged stablecoin.
He also added that by increasing awareness for the efficacy of stablecoins and also, discussing cases for the assets have already given its contribution to make Binance’s decision on the listing of coins and, to work forth with other fiat-pegged cryptocurrencies. In the January, Binance had launched its first Jersey-based platform which was designed to support fiat-to-crypto trading of the euro and British pound along with the Bitcoin (BTC) and Ethereum (ETH) in major nations like the United Kingdom and Europe. Before coming up with its own assets of the same category, the exchange had also appreciated other major platforms such as OKEx and Huobi- the increasing issuance of fiat-backed stablecoins.
During its downfall in 2018, Tether (USDT) was changed into as the combined USD to provide support for more trading pairs with numerous stablecoins which were offered as a base pair in 2018 fall. At the beginning of this month, Binance has completed the upgrading of its Binance chain mainnet that features a revised matching engine and allows validators to give a vote to the delisting trading pairs on Binance DEX which is a Binance’s decentralized trading platform.
Also, Binance has released its own margin trading platform which is considered as one of the most asked services from Binance community. A study published in June where it was mentioned that only 66 stablecoins that would be around 30% of total tokens are live and working. If you want to avail more information about Binance and how to resolve its technical errors, you can call on Binance helpline number which is functional all the time for guidance. You can speak to the team anytime and avail solutions that are easy to execute and prompt. With the help of professionals, you can fix all your queries in a fraction of time, they make sure to operate your every query with accuracy and attentiveness. Connect to them to get verified solution accessibly.