THELOGICALINDIAN - Cryptocurrency barter Binance has acquired Chinabased Jaxx atom and derivates belvedere Jaxx for an bearding amount
Binance Continues to Grow
The Malta close announced today that JEX is rebranding to Binance JEX, abacus that the accretion would admission them the rights to administer JEX tokens, the built-in cryptocurrency of the JEX platform. Excerpts:
Binance JEX will, for now, advance all the absolute casework of the acquired platform, which includes atom trading accessories for 21 cryptocurrencies, including bitcoin, EOS, Ether, and Binance’s built-in asset BNB. Meanwhile, Binance JEX would additionally accede JEX’s crypto derivatives solutions as a allotment of the acquisition. The move would accredit the affiliated article to action margined bitcoin futures contracts.
Propelling Bitcoin Derivatives
The advertisement from the arch crypto barter carefully followed its July advertisement of architecture a derivatives belvedere that would affection abiding swaps. The barter said aftermost anniversary that it is activity to go advanced with its plan in September, which after saw it ablution two new trading platforms for testing today.
“JEX has a acclimatized developer aggregation with accurate acquaintance in cryptoasset artefact development,” said Binance co-founder Yi He, abacus that their derivatives artefact alms aligns accurately with the company’s artefact roadmaps in the bitcoin derivatives market.
The advertisement additionally put Binance in the chase of crypto derivatives dominance. Soon afterwards BitMEX, one of the world’s arch bitcoin derivatives platforms, landed itself in altercation apropos its bereft analogous agent and an declared authoritative delving by the Commodity Futures Trading Commission, agnate casework started brewing up as competition. Bitsian CTO Steven Brucato said Binance’s acquired belvedere would break the issues apropos analogous engine.
What do you anticipate of Binance’s new access into the crypto futures market? Add your thoughts below!
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