Recents in Beach

Binance Launches Research Wing to Create ‘Institutional-Grade’ Research Reports

The largest cryptocurrency exchange , Binance , has launched an analysis
division to conduct “institutional-grade” research reports,
according to an announcement published Nov. 8.
Binance’s new analysis division, Binance Research, is set to prepare
institutional-grade research reports with the objective of increasing
transparency and improve the quality of information within the
cryptocurrency space.
The division has already conducted and published two in-depth reports
devoted to a decentralized blockchain that supports smart contracts and
distributed applications, and a scaling solution for Ethereum ( ETH ).
Binance Research is not the first project from the exchange beyond its
original mandate. In the beginning of October, Binance announced it
will donate all listing fees to charity, as well as allow developers
themselves to name the amount they pay, without demanding a minimum
fee.
Following that news, Binance introduced its blockchain-powered
donation platform called the Blockchain Charity Foundation (BCF). BCF
first used its donation platform to raise funds for the victims of the
floods and landslides in Eastern Uganda. The platform accepts
donations in Bitcoin ( BTC ), ETH and Binance Coin (BNB).
Also in October, Binance’s venture wing Binance Labs invested
millions of dollars in decentralized digital content ecosystem
Contentos, wich will develop a decentralized ecosystem that will
purportedly offer transparency and monetization of content, without
third-party censorship or removal of content.
Founded in China in 2014, Binance is now the world’s largest digital
exchange in terms of adjusted daily trading volume, which is around
$796 million at press time, according to CoinMarketCap .
Binance has been gradually expanding its trading activities to other
countries, recently announcing the launch of its fiat-to-crypto
exchange in Uganda , enabling users to buy two major cryptocurrencies
— BTC and ETH — with the local fiat currency of Ugandan shillings.
In September, the leading exchange announced of private beta testing
a crypto-fiat exchange in Singapore, which will presumably support the
local Singapore dollar. Also that month, Binance signed a Memorandum
of Understanding with the Malta Stock Exchange’s fintech and digital
asset subsidiary, MSX PLC, to launch a trading platform.
In August, Binance LCX, a joint venture between Binance and
Liechtenstein Cryptoassets Exchange (LCX), announced the launch of a
fiat-to-crypto exchange in Lichtenstein .

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