In addition to BNB, EXANTE customers can already trade over 20 funds pegged to crypto assets.
EXANTE has pushed ahead with its plans to broaden its cryptocurrency offering with the launch of a crypto fund pegged to Binance Coin (BNB), the native token associated with the largest crypto exchange in the world.
Binance Coin (BNB) is a utility token that was initially created to help the crypto venue with its financial needs. After Binance reached its funding goal, it has been using its profits to buy back the tokens and ‘burn’ them to reduce the overall circulating supply. This process will continue until 50 percent of all BNB are burned, or approximately 100 million tokens.
Binance Coin is also used by participants to cut their fees when trading in and out of altcoins on the platform.
In addition to BNB, EXANTE customers can already trade over 20 funds pegged to crypto assets. The broker debuted its Bitcoin-only hedge fund back in 2013. At the time, cryptocurrency trading was carried out through EXANTE crypto funds, which allow buying bitcoin and 15 popular altcoins.
Read the full article in Finance magnates.