Korbit, the Korean bitcoin and cryptocurrency exchange, today has listed Binance Coin (BNB), the native asset of exchange company Binance. The token will be listed on the Korean won market.
Deposit and wallet creation began at 11:00 AM (KST) today, Monday, September 23, 2019. Trading will began from 11:00 AM (KST) on Tuesday, September 24, 2019.
The listing enables users of Korbit to securely and easily trade Binance coins in Korean won.
Binance Coin (BNB)
The popular exchange company recently launched its Binance Chain. The token issuing format name is BEP2, and the first token is BNB.
Binance Coin is not only used as a means of paying gas bills on the Binance chain, but also used as a discount for commissions, votes on listed coins, currency for participating in Binance IEOs, and payment methods for real economic transactions. In addition, Binance invests 20% of the exchange’s profits every quarter to increase the value of the coin, and buys and burns BNB on the market.