Binance and Coinbase: Current News
Cryptocurrency exchanges are trying to get out of the crypto winter without loss. Some do it better, others worse. Today we will talk about what changes await users of Binance and Coinbase.
Binance Launches New KYC Verification Token
Binance exchange users who pass KYC verification will be able to receive a special BAB Soulbound token on the BNB chain to their wallet.
This is an NFT that cannot be transferred to another wallet. It will be stored in the user's wallet to identify the owner of the wallet on the blockchain when interacting with the dApp or smart contracts.
BAB ownership is not required. This is just one of the options for confirming a passed KYC check. Binance users will still be able to use more traditional options.
In addition, the other day, Binance and Paxos Trust Company disclosed collateral data for the BUSD stablecoin. As of June 30, BUSD among assets:
- $738 million (4.21% of the reserve);
- $10.6 billion in treasury bills (60.5%);
- $6.2 billion in US Treasury secured repurchase agreements (35%).
Coinbase will add a new gaming token
The exchange plans to soon add the LOKA token of the League of Kingdoms game project to the listing.
This is a Metaverse in the spirit of the Middle Ages with a combat component. Its native token can be used for in-app purchases, NFT creation, and earnings.
It also became known today that Coinbase Prime offers ETH staking to US institutional investors. The option is available for companies that want to receive a secure passive income.
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