Korbit Adds Support for Binance Coin (BNB) - Coindoo
Korbit Binance coin

Korbit Adds Support for Binance Coin (BNB)

Editorial Team Avatar
Sep 23, 2019
2 min reading time

The Korbit trading platform has added support for the trading, depositing, and storing of Binance Coin (BNB), Binance’s native crypto asset.

New BNB to KWR Pairing

The South Korean bitcoin and cryptocurrency exchange revealed today on its website that the native currency of the popular Binance exchange, BNB, will be listed on its platform on the Korean won market.

The new listing will enable Korbit users to exchange their Binance coin in Korean won easily and securely.

According to the website, Korbit users will be able to make deposits in BNB and create BNB wallets starting with 11:00 AM (KST) today, Monday, September 23, 2019. Trading with BNB will be available starting with 11:00 AM (KST) on Tuesday, September 24, 2019. Users will be able to make their withdrawals with Binance coin starting with 11:00 AM (KST) on Tuesday, September 24, 2019.

BNB: A Versatile Crypto

The Binance coin was recently migrated to Binance’s own proprietary blockchain called Binance Chain. On the chain, they issued their format name called BEP2, with the first token of this kind being BNB.

Binance plays an integral part in the Binance ecosystem. BNB is not only used as a gas payment token on Binance chain, but also enables users to benefit from commissions, vote on listed coins, participate in Binance IEOs, or to be used as payment in real-life situations.

Binance reinvests 20% of the exchange’s profits each quarter just to increase the coin’s value. BNB is one of the top altcoins that has been the most profitable for investors, with remarkable gains in 2019.

Featured image: 48coins

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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