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Binance DEX Aims To Release Bitcoin Cash Pegged Token

Ramsey Baker

Summary: Changpeng Zhao, CEO and founder of Binance the cryptocurrency exchange platform, is aiming to release a token that will be pegged to Bitcoin Cash (BCH) on the decentralized version of the platform Binance DEX, according to a post on Binance's official “Token Issuance & Listings” section The pegged token will be listed as BCH-1FD. Because the ...

Changpeng Zhao, CEO and founder of Binance the cryptocurrency exchange platform, is aiming to release a token that will be pegged to Bitcoin Cash (BCH) on the decentralized version of the platform Binance DEX, according to a post on Binance's official “Token Issuance & Listings” section

The pegged token will be listed as BCH-1FD. Because the token is pegged this means that it will track the value of Bitcoin Cash. Users will be able to trade the token for BCH on Binance.com. This isn't the only news as Binance will also be adding two new trading pairs, Bitcoin (BTC)/BUSD and XRP/BUSD.

By Ramsey Baker

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