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Binance DEX launches Native Token pegging to XRP

Binance Headquarters in Malta set the headlines on the news after it reported about the inclusion of XRP-pegged native tokens named Binance Chain and Binance DEX on the 3rd of October.

The Cheif Executive Officer of Binance, Changpeng Zhao reacted to the news breakout and also gave return response about the news and also assured the Binance community developing an official announcement to this breakout.

Binance DEX announced the launch of XRP-BF2 on the 10th of October, also the pair XRP/BNB was told it will be live on the decentralized exchange platform of Binance from 8:30 am UTC.

The token XRP-BF2 is the actual token to be pegged similar to the actual XRP, it was also mentioned Binance initiated the exchange of XRP to XRP-BF2 and the same in reverse fro deposits and withdrawals.

In order to increase the performance and better scalability of Binance DEX, a similar token as XRP-BF2 pegged with XRP is about to be launched. This initiative might launch Binance DEX as a globally recognized decentralized exchange platform.

The current Binance and Binance DEX users will be given easy access to this native token and can initiate trade as the same market conditions of XRP. DEX has now prioritized the trading of native token XRP-BF2 for it to get a better launch on the Cryptocurrency market. The main activity focused on the DEX is the conversion of XRP to XRP-BF2, the native token for better scalability and recognition. The total volume in the supply of XRP on Binance DEX is measured around 10 Million and it was also mentioned that it hasn’t put any limitations to its supply on the exchange platform.

bnb1x0vv5l6u5c7vpl7c947uxmm0gfstpdhg93gxpt, The above address was mentioned to be holding the native token and belongs to Binance as per its record.

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About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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