Binance now lets you withdraw Steem, launches token info page

in #binance6 years ago

Binance, one of the biggest cryptocurrency exchanges out there that regularly manages to get a $2 billion + daily trading volume, has recently listed Steem. Although at first it was impossible to withdraw from the platform, I just tested it and can now confirm that it is possibleto withdraw from Binance. This will definitely improve Steem's liquidity and bring in new users from that market.

The exchange also recently launched a new info.Binance.com page that will essentially listed info on various tokens. It will include its total and max supply, current prices, and a little more basic stuff so you don't have to read entire whitepapers to get to know a token - really useful page!

To get listed on it projects will need to pay a fee, payable only in BNB, the cryptocurrency exchange's own token. The token was initially launched at $0.15 and has reached a high of over $10, and I believe it will keep on increasing due to the exchange using its quarterly profits to buy back some of the tokens in circulation and burn them.

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