Binance Bridge 2.0 the new launch of Binance
Posted by alicejenifferze on May 2nd, 2022
On Tuesday, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including tokens not listed on the Binance app, to the BNB Chain. Bridged tokens listed on Binance will be stored in the Funding or Spot Wallet, while unlisted bridged tokens will be transferred to the Funding Wallet only.
Users can bridge-in or bridge-out tokens between their native blockchains and BNB Chain via regular deposit and withdrawal functions. In the future, Binance also plans to create a better version of its mobile app to allow users to facilitate such conversion via a single click.
The company indicated that all other circulation will be backed by the native tokens deposited by the users from the original blockchains. When users want to switch from the pegged tokens back to the original tokens, they can deposit the pegged tokens into Binance and withdraw the original tokens. Simultaneously, the excessive tokens will be swept to the cold wallet and burnt automatically.
Thus epic exchange keep adding marvelous features and functionalities which inspires many out there to kick start their own exchange like Binance. With Binance Clone Script, business person can kick start their own exchange platform instantly and easily.
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About the Authoralicejenifferze
Joined: October 31st, 2019
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