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The Daily Hodl 2019-06-17 16:13:11

Binance Moves 9,001 BTC As Crypto Exchange Prepares to Launch Bitcoin-Backed Cryptocurrency

Binance just moved 9,001 Bitcoin (BTC) worth about $82 million to a new, unknown wallet. The Bitcoin will be used to back a new token on Binance Chain that’s pegged 1:1 with BTC. The token, called BTCB, is designed to give traders a way to essentially buy and sell Bitcoin on Binance’s decentralized exchange. “The […]The post Binance Moves 9,001 BTC As Crypto Exchange Prepares to Launch Bitcoin-Backed Cryptocurrency appeared first on The Daily Hodl.

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