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Binance Launches P2P Trading for Bitcoin, Ethereum and Tether Plus New On-Ramps in China

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Leading cryptocurrency exchange Binance is introducing peer-to-peer (P2P) trading functionality for Bitcoin (BTC), Ether (ETH) and Tether (USDT).

According to the company’s announcement, the Malta-based platform will be supporting P2P crypto trading with the Chinese yuan (CNY). Traders can use the service by downloading the updated Binance Android app.

“Access to P2P trading will be initially provided to Android users (Version: 1.12.1) that have Binance accounts registered for over 30 days. We will slowly roll out this service to iOS and web interface users going forward.”

Adds Binance CEO Changpeng Zhao,

“Last night, Binance Launches P2P Trading, starting with China. Most of CT probably can’t use it yet, but 1.4 billion people can. We will expand the service to other regions soon. Anything that makes it easier to get crypto.”

In addition to the new trading service, Binance is expanding fiat onramps for traders in China.

In response to a question about using Alipay and Wechat to facilitate Bitcoin and crypto purchases, Zhao says the highly popular mobile payment apps in China are now supported.

Centralized crypto asset exchanges are not allowed to operate in China. The nation’s central bank, the People’s Bank of China (PBoC), began cracking down on crypto-related businesses in late 2017 due to the large number of scams orchestrated under the guise of initial coin offerings. 

However, interest in crypto remains with enthusiasts seeking out various ways to gain access. Chinese residents can purchase Bitcoin and other cryptocurrencies through P2P platforms or via over-the-counter (OTC) desks. Digital asset exchanges reportedly facilitate CNY to BTC/USDT conversions through P2P OTC desks.

Earlier this year, WeChat’s management made changes to its payment policy, warning that it will be suspending user accounts that are involved in cryptocurrency trading. Alipay is also reportedly blocking accounts that are conducting Bitcoin OTC trading.

In statements shared with TheBlock, a Binance representative notes,

“Technically, Binance as a P2P platform itself is not integrated with WeChat/Alipay payment, but the vendors or users on the platform accept WeChat/Alipay transaction for crypto trading. Binance only provides the onramp for OTC trading by building an intermediary platform on which both the merchants and the users trade freely.”

However, an Alipay spokesperson says that the payment processor is closely monitoring OTC trades.  They also note that the platform’s management is constantly working to identify “irregular behavior” in order to ensure compliance with regulations. 

The Alipay spokesperson states,

”If any transactions are identified as being related to bitcoin or other virtual currencies, we immediately stop the relevant payment services.”

Binance is in the process of expanding its fiat-to-crypto gateways. The exchange has been launching its services throughout the world, including the US, Singapore, Uganda and self-governing British dependency Jersey. 

The exchange is also preparing to introduce its fiat-to-crypto on-ramps in Argentina, Bermuda and Turkey.

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Top 3 Kryptowährungen der Woche: ChainLink, Binance Coin und Ripple

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Es liegt eine insgesamt erfreuliche Woche hinter den Anlegern am Kryptomarkt. Viele der 20 wertvollsten Kryptowährungen der Welt notieren gegenüber der Vorwoche im Plus. Einen besonders starken Kursanstieg verzeichneten in dieser Woche die folgenden Altcoins:

Euphorie herrscht derzeit bei Anlegern von ChainLink. Der Altcoin hat eine fabelhafte Entwicklung genommen und kommt in der Sieben-Tage-Analyse auf einen Kursanstieg von rund 30 Prozent. Von 2,08 Dollar am vergangenen Sonntag ist der Kurs inzwischen auf 2,56 Dollar gestiegen. Allerdings ging es am zurückliegenden Handelstag wieder leicht abwärts. Das Tagesminus lag bei knapp vier Prozent. Gegenüber dem Wochenhöchststand von 2,92 Dollar am 9. Oktober ist der Altcoin-Kurs wieder um mehr als 12 Prozent abgesackt. Dennoch bleibt es eine überaus positive Woche für Anleger. Die Marktkapitalisierung ist auf rund 931 Millionen Dollar angestiegen. Im Krypto-Ranking belegt ChainLink nun Platz 14.

Platz 2: Binance Coin

Besonders starke Kurszuwächse verzeichnen in dieser Woche auch Anleger des Binance Coin. Derzeit notiert der BNB-Kurs bei 17,95 US-Dollar und erreicht damit zugleich den Bestwert der gesamten Woche. Gegenüber knapp 15 Dollar am vergangenen Sonntag ist der Kurs um mehr als 14 Prozent gestiegen. Auch das Momentum spricht für das Investment. Innerhalb der letzten 24 Stunden ging es um mehr als 5,5 Prozent nach oben. Mit einer Marktkapitalisierung von rund 2,79 Milliarden Dollar rangiert Binance Coin auf dem achten Platz. Die Kapitaldecke ist allein binnen des letzten Tages um rund 143 Millionen Dollar angewachsen.

Platz 3: Ripple

Auch Ripple-Anleger dürfen sich diese Woche entspannt zurücklehnen und ihre wachsende Rendite beobachten. Von gut 0,25 Dollar steigt der Kurs nun in Richtung 0,28 Dollar. Derzeit beträgt das Plus in der Sieben-Tage-Betrachtung 10 Prozent. Damit performt Ripple derzeit besser als die davor platzierten Kryptowährungen Bitcoin und Ethereum. Die Marktkapitalisierung ist auf mehr als 12 Milliarden Dollar angewachsen. 200 Millionen Dollar Kapital sind in den letzten 24 Stunden hinzugekommen.

Source kryptoszene.

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Binance Includes XRP and BUSD to Supported Interoperable Tokens List

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Binance, the leading global cryptocurrency exchange has announced the issuance of BEP2 versions of digital coins- XRP and BUSD on its highly reputed Binance Chain.

By lending support to XRP and BUSD through their addition in the list of supported interoperable tokens, the platform has now enabled users to enjoy deposits and withdrawals of interoperable tokens to their opted networks via the exchange’s web interface with utmost convenience.

About BEP2 XRP Token:

The XRP-BF2 will work as a pegged token which will help in tracking down the value of the native digital asset currency of the XRP ledger system. Having supported by XRP assets in the 1:1 ratio, XRP-BF2 token is launched on Binance Chain (BEP2) and will be tradeable on Binance DEX. XRP ledger’s native coin XRP and BEP2 XRP are synchronized and are bidirectionally convertible in nature.

About BEP BUSD:

The US-denominated stablecoin, BEP USD is issued in collaboration with Paxos Trust Company. The coin has received approval from the New York State Department of Financial Services (NYDFS). On the Binance Chain, BUSD is present for direct purchase as well as redemption at a price of 1 BUSD= 1 USD. It is now available as both an ERC-20 token as well as a BEP2 token.

Source.cryptonewsz.

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Binance Coin price takes a bullish run to $17.75

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Binance Coin price has had an increase of a little over three percent (3.09%) during the past day. The coin is currently trading at a little short of eighteen dollars ($17.75). It had an incline of over nine percent (9.7%) in the past week. Binance Coin (BNB) currently ranks in the eighth position in the list of the largest cryptocurrencies. It has a market capitalization of over two billion dollars ($2.66bil).

The cryptocurrency has to cover a long path towards the recovery of its previous standing in the market, as it had dropped by forty-three percent (43%) over the preceding three (3) months. Binance Coin price against the United States dollar (BNB/USD) The cryptocurrency had recently gone up to the eighteen dollars ($18) mark before it came down to over sixteen dollars ($16.68).

Both of BNB’s closest resistance levels are placed eighteen dollars ($18), a bit over eighteen dollars ($18.16), and short of nineteen dollars ($18.85), with a temporary Fibonacci Extension of over one (1.272). Greater resistance levels are observed at over nineteen dollars ($19.55) and a little short of twenty dollars ($19.93).

Over the twenty dollars ($20) mark, the resistance levels are expected at a little short of twenty-one dollars ($20.92), a little short of twenty-two dollars ($21.94), and twenty-two dollars ($22). Bitcoin price chart by Trading View The closest level of support is placed at over sixteen dollars ($16.11).

Below the sixteen dollars ($16) mark, the levels of support can be observed at over fifteen dollars ($15.54) with a Fibonacci Retracement of below one (0.786) and over fourteen dollars ($14.65). If the sellers decide to drag the cryptocurrency’s price below September’s low, the support levels will be seen at fourteen dollars ($14), thirteen dollars ($13), and over twelve dollars ($12.59). The current trading volume is expected to rise.

The Relative Strength Index (RSI) has come back to the fifty (50) level. This means that the bulls are striving to stay in control over the market’s momentum. Although the Stochastic Relative Strength Index (RSI) has developed a bearish crossover signal that depicts an upcoming retracement.

Binance Coin price against Bitcoin (BNB/BTC) BNB has rolled to find support at 0.0020 BTC, which is the current Binance Coin price at the time of writing. Binance Coin price chart by Trading View The closest level of resistance for the Binance Coin price lies at 0.0022 BTC. Over this, the resistance level is expected to be placed at the upper borderline of the falling wedge.

Over the wedge, the resistance levels are expected at: 0022 BTC 002657 BTC 0023557 BTC 0024 BTC with a hundred (100) days exponential moving average (EMA) The closest support is placed at 0.0019888 BTC; below this, the support levels lie at: 0019 BTC 001853 BTC 0018 BTC The current trading volume of the cryptocurrency is at a maintained and average level.

The Relative Strength Index (RSI) is quite over the fifty (50) level; this means that the bulls stay in control over the market’s momentum. Although, the Stochastic Relative Strength Index (RSI) has developed a bearish crossover signal, which shows that the cryptocurrency’s price may come back before it goes higher.

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