Binance cryptocurrency exchange is preparing to release a new token, which will be created through the blockchain Binance Chain.
BTCB trades will take place both at Binance and at the Binance DEX site. The token will be traded in a pair with the main cryptocurrency - BTC.
Binance Chain plans to release a series of tokens. All of them, including BTCB, will be linked to specific financial assets.
Earlier, Zhao Changpen announced that over 9,000 bitcoins will be transferred from the exchange to provide a new token.
The cryptobirds blog states that the token being released will have full bitcoin provision, and thanks to public access to the blockchain, participants can see the existing reserves.
Also, participants of the Binance DEX site will be able to access their tokens formed on their own blockchain system. Opportunities decentralized exchange service will contribute to the growth of liquidity cryptobirzhi.
However, access to the Binance DEX site will soon be limited to representatives from 29 countries. Residents of the United States, for example, will not be able to use the services of the site.