Binance cryptocurrency exchange bought out the Jex tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details platform, which specializes in trading crypto-derivatives like options and futures contracts.
Binance bought Jex crypto-exchange
Binance announced the takeover of the Jex crypto-exchange on September 2. According to Binance, JEX will retain the team and name, and will engage in "further development of the cryptocurrency derivatives market".
JEX has its own tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details. According to the deal, it will take over Binance. The crypto-exchange promises that in the long run, the JEX token "will be gradually distributed among all users through marketing activities and community activities. "After that, Binance plans to return the tokens "in various ways" and burn them.
Interesting in the section: Binance Coin, as additional tool
- Binance is actively expanding its business and introducing new services. For example, only in August, the cryptocurrency exchange opened the Binance Lending – a service where users can lend their cryptocurrency to the platform – and expanded trading options in margin trading
- According to CoinGecko, the daily trading volume on JEX was $156 million as of September 4
Editor: Alex Riabukha