Table of Contents

1. Binance News Roundup
1. Binance US Announces Support for Automated Clearing House (ACH) Withdrawals
2. Binance Completes 15th Quarterly BNB Burn
3. Binance Smart Chain Announces Integration with Chainlink
4. Binance to Launch NFT Marketplace
5. Binance Launches Zero-Commission, Tradable Stock Tokens
2. Conclusion

Introduction

In the world of cryptocurrency trading, few exchanges are as well-known and widely used as Binance. As one of the largest and most popular exchanges, Binance has a significant impact on the industry. This article will cover the latest Binance news, including recent updates, new listings, and updates on important partnerships and collaborations.

Binance News Roundup

Binance US Announces Support for Automated Clearing House (ACH) Withdrawals

Binance US, the American arm of Binance, recently announced that it now supports Automated Clearing House (ACH) withdrawals. With this new feature, users can easily transfer USD to their bank accounts without the need for a wire transfer. This move makes it easier for US customers to withdraw their funds from the platform and highlights Binance’s continued commitment to improving user experience.

Binance Completes 15th Quarterly BNB Burn

On April 16, 2021, Binance completed its 15th quarterly BNB burn, which saw the exchange destroy over 1.08 billion BNB tokens. This burn was the largest in the exchange’s history, with a total value of over $595 million. The burn is part of Binance’s commitment to reducing the total supply of BNB to 100 million tokens, helping to increase the value of the remaining tokens in circulation.

Binance Smart Chain Announces Integration with Chainlink

On April 5, 2021, Binance Smart Chain (BSC) announced that it had integrated with Chainlink, one of the leading decentralized oracle networks. The integration will enable BSC to access Chainlink’s price feeds, which will provide Binance users with reliable and accurate price data for a wide range of assets. This integration is part of BSC’s continued efforts to improve its functionality and expand its user base.

Binance to Launch NFT Marketplace

Binance recently announced that it plans to launch its own non-fungible token (NFT) marketplace in June 2021. The marketplace will offer a range of NFTs, including digital art and collectibles. Binance’s move into the NFT market highlights the growing popularity of these unique digital assets and the exchange’s continued efforts to expand its offerings and attract new users.

Binance Launches Zero-Commission, Tradable Stock Tokens

On April 12, 2021, Binance launched tradable stock tokens, which allow users to purchase fractions of publicly traded companies like Tesla and Coinbase. The tokens are backed by physical stocks held by Binance, and users can trade them on the platform without paying any commission fees. This move is part of Binance’s broader strategy to expand its offerings beyond traditional cryptocurrencies and attract a wider user base.

Conclusion

Binance continues to be a major player in the cryptocurrency industry, and these latest updates demonstrate the exchange’s commitment to innovation and improving user experience. Whether it’s introducing new features like ACH withdrawals, expanding its offerings to include NFTs and stock tokens, or partnering with leading blockchain projects like Chainlink, Binance is showing no signs of slowing down. As the industry continues to evolve and grow, Binance will undoubtedly remain at the forefront of these changes.