The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins

Also read: Security Experts Rank Exchanges by Safety, Malta Dominates Trade

Binance, currently the largest digital asset exchange in terms of daily trading volume, has launched a new analysis division. Binance Research will focus on creating institutional-grade research reports, the trading platform said in an announcement on its website. Binance has referred to the service as a new pillar of its ecosystem and claims it’s going to bring more transparency, while also improving the quality of information that’s available in the cryptocurrency space.

This past summer, the cryptocurrency exchange also launched an educational portal called Binance Academy. The platform was announced as an open-access learning hub supported by the team of the company. Binance was established in China last year and has since expanded globally to become the leading trading platform in the crypto space.

Cobinhood, a platform that exchanges cryptocurrencies without trading fees, has announced that it’s adding four stablecoins to its offerings. Starting Nov. 9, users will be able to trade gemini dollar (GUSD), makerdao (DAI), the paxos standard token (PAX) and trueusd (TUSD).

“We are increasing the presence of stablecoins on the Cobinhood exchange so the community understands that their voices have been heard and stability is being made possible,” said Wei-Ning Huang, co-founder of Cobinhood. “Our mission is to make the space more approachable for anyone who wants to participate.”

The upcoming upgrade involves an add-on to SWIFT’s global payments innovation (GPI) system. The standard was introduced in January of last year in order to increase the operating speed of the payment network, which has been used in correspondent banking for decades. The upgrade was announced this past spring and is scheduled to be implemented on Nov. 18.

An investor recently purchased a 126-parcel plot of land on Decentraland for 2.7 million mana, the virtual reality platform’s native token. The acquisition, valued at roughly $215,000, sets a new record for Decentraland, which is owned by its users. The estate was purchased via the platform’s marketplace. It allows users to trade “LAND parcels,” which represent non-fungible digital assets maintained through a smart contract on the Ethereum network.

The virtual reality project recently launched a new version of Agora, a platform that allows holders of mana tokens to vote on important matters. One of the first questions they are being asked concerns the time frame for the next land auction, when 9,000 unowned parcels of land will be made available to the community.

What are your thoughts on today’s news tidbits? Tell us in the comments section.

Images courtesy of Shutterstock.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins appeared first on Bitcoin News.

 

source: https://news.bitcoin.com/the-daily-binance-launches-analysis-division-cobinhood-adds-4-stablecoins/