Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Cryptocurrency exchange Binance
World exchanges

Cryptocurrency exchange Binance creates its marketplace for NFT-tokens trading

25.01.2022
2 min read

Cryptocurrency exchange Binance expands the list of services

The cryptocurrency exchange Binance plans to create a marketplace that will trade NFT-tokens. The issuance is scheduled for this summer.
An NFT token is a unique token that is not exchangeable and cannot be exchanged. It serves as proof of ownership of a digital asset. It is currently gaining popularity to sell digitized paintings by contemporary artists at auctions. The buyer receives the NFT along with the work, thus confirming that it is unique and belongs to just one person. Last month, these tokens were sold for $200 million.
Marketplace from the exchange Binance will basically have the same principle of account system, which is used for the platform site itself. Users will gain access to the new marketplace and can trade through a personal account. For newcomers, they will first need to register on the main exchanges site.
According to representatives of Binance, the new platform opens up great opportunities for users. The market of NFT-tokens is actively developing, and more and more people want to become owners of unique digital assets. In addition, the marketplace is fully consistent with the company’s mission to expand the use of digital currency and build a universal ecosystem. Also, Binance takes on the responsibility of providing support and assistance to emerging creators whose works have not yet found great popularity, although they have great potential. NFT-tokens will be sold through the new marketplace with lower commissions than on other similar platforms. At the same time, high liquidity is ensured.Cryptocurrency exchange Binance begins trading NFT-tokensBinance provides users with a different range of services. They can create, publish and transfer their works from different blockchains on their own. In addition, it is planned to organize events to showcase artists’ works, organize exhibitions and auctions. In turn, Binance will take a commission of 10% of the cost of services for the sale of works of art at such events, and the rest of the amount is transferred to the author.
In addition, users can transfer their NFT on the platform, where they can be traded after. At the same time Binance processes the transaction, charging a commission of 1%, the authors and depositors receive a regular royalty, which is also 1%.
The cryptocurrency exchange Binance is one of the largest in the world, it was founded in 2017 in Hong Kong. By 2018, the number of users of the site was about 8 million people. Moreover, in January it had to temporarily limit the registration of new clients, as the functionality could not cope with the flow of people. The exchange carries out spot, futures and margin trading operations.

Tags: World exchanges
0
Previous Post BlackRock analysts: global ETFs are actively developing Next Post Archer Daniels Midland Corporation invested in a new plant

You Might Also Like

Japanese crypto exchanges
World exchanges
Japanese crypto exchanges will soon not be required to undergo verification before listing
21.08.2022
Crypto exchange Coinbase
World exchanges
Crypto exchange Coinbase plans to scale business in Europe
22.09.2022
Brexit
World exchanges
How the European stock market will change after Brexit
17.09.2021
Kazakh exchange ETS
World exchanges
ETS Exchange carries out a large-scale process of system modernization
20.12.2022
Futures trading
World exchanges
Oil futures trading at negative prices is now available on the Moscow Stock Exchange
11.03.2021
Crypto exchange Blockchain.com
World exchanges
Blockchain.com closed the deal to buy Altonomy
28.07.2022

Recent Posts

  • 1cryptocurrency whales are acquiring Ethereum
    Cryptocurrency whales are buying up Ethereum altcoin as its price has fallen
    06.02.2023
  • 2voice assistant Alexa
    Alexa voice assistant forces Amazon to go to extremes
    05.02.2023
  • 3Merck
    Merck announced a deal with Imago
    04.02.2023
  • 4slowdown in inflation in Germany
    Germany and other countries recorded a slowdown in inflation
    03.02.2023
  • 5John Craig Venter
    Who is John Craig Venter and his contribution to science
    02.02.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Fred Smith: the man who gave the world express delivery

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

cryptocurrency whales are acquiring Ethereum
Cryptocurrency whales are buying up Ethereum altcoin as its price has fallen
06.02.2023
voice assistant Alexa
Alexa voice assistant forces Amazon to go to extremes
05.02.2023
Merck
Merck announced a deal with Imago
04.02.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Fred Smith: the man who gave the world express delivery
  • What factors influence the development of the Russian money market
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics