Binance Review, Month 41: All-Time Highs
During Binance’s Month 41 (November 15 to December 15, 2020): As we celebrate record highs for Bitcoin, we also further strengthened our ties with the rest of the blockchain ecosystem. We are also thankful for Binance Pool rising to the No. 3 mining pool in the world, as well as the recognition given to two Binancians on the Bloomberg 50.
The Big Story: All-Time-High Bitcoin, Supporting ETH 2.0
Over the past 30 days, Bitcoin has reached new heights, bringing the rest of the cryptocurrency world along with it. The world’s leading cryptocurrency ended November with a then-record price of $19,881.56 on Binance. Following sideways market action, Bitcoin has hit mid-December with renewed momentum, finally breaking through the much-anticipated $20,000 threshold. As of press time, Bitcoin is above $23,000, after setting a new all-time high of $23,800.
Now in its 41st month, Binance has continued building bridges across the entire blockchain ecosystem. For starters, we are launching support for ETH 2.0 through Binance Staking, allowing users to gain staking rewards from the ETH 2.0 upgrade, starting with the Beacon Chain launch. We offer all our users an attractive introductory APY of up to 20%.
On the BNB Smart Chain front, we supported four more projects under our $100M Accelerator Fund: Encode, OpenGSN, Blink, and Tenderly. There are now 15 projects supported by this fund. We do this to further expand the BSC DeFi landscape, which you can see below.
Meanwhile, we entered into a partnership with Chiliz, a fintech blockchain company for sports and entertainment entities. The first milestone of this partnership has been the launch of Fan Tokens allocation through Binance Launchpool.
This month, we also celebrated Binance Pool becoming a Top 3 mining pool, less than eight months after its launch. Since reaching a top-10 position upon its debut, today, Binance’s mining pool platform is now the third-largest in the world. Thank you so much for your support.
Finally, we are thankful for the recognition that Bloomberg 50 has given two of our Binancians: CEO CZ (Changpeng Zhao) and Africa PR Lead Damilola Odufuwa. We will continue our journey towards unlocking financial freedom to everyone through blockchain and crypto.
Let’s also look into more of the latest updates from the past month.
In Other News
- Experience BTCB – Bitcoin on BNB Smart Chain. The ever-growing cryptocurrency community reflects an increased demand for unconventional use cases for Bitcoin. In an attempt to further explore Bitcoin’s use cases, we’re introducing BTCB, wrapped Bitcoin on BNB Smart Chain.
- Binance Widget Now Available to Brave Android Users. Today’s Brave Android browser update features the Binance widget, which is already available to Brave desktop users— the Binance widget, which debuted in April, was the first exchange-browser integration of its kind.
- Zero Fees on Binance Card Transactions End of Year Promotion. We have waived third-party fees for Binance Card transactions through to the end of 2020.
- Binance Launches $240,000 Reward Pool in Collaboration with PancakeSwap. In collaboration with PancakeSwap, we launched this rewards pool to further encourage the growth of BNB Smart Chain.
- 5 Cool Features On Binance Futures That You Should Try Out. Did you know that you can compete against other Futures traders? Or that you can convert your assets directly in your coin-margined wallet without the need to transfer them from the spot market? We round up 5 features you may have missed on Binance Futures.
- Send and Receive EUR Instantly 24/7 Through SEPA Instant! This service is available to use 24/7, enabling users to instantly deposit EUR from their SEPA bank accounts to their Binance accounts, and instantly withdraw EUR from the Binance account to the SEPA bank account.
- Binance X Invites You to the Gitcoin Grants Round 8 Hackathon We’re offering $60,000 in cash prizes for the hackathon, which runs from December 3 to 17. We seek innovators who use BSC to offer compelling solutions for Web3 development.
- Highlights From CZ’s Fireside Chat with Michael Saylor. Read on for some top highlights from their chat, or watch the full hour-long conversation on our Youtube channel. Be sure to subscribe for future segments with leaders in the blockchain and financial services space.
- Binance Launches Combined Convert & OTC Trading Portal. The new Convert & OTC Trading Portal is a live request for quotation (RFQ) platform in which you can use to easily convert 40 different assets. Once trades are confirmed, you will receive quick settlement directly into your Binance account, with zero trading fees.