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Cryptocurrency

Binance crypto exchange to launch its own NFT platform

April 27, 2021. Summarized by summa-bot.

Compression ratio: 44.2%. 1 min read.

Binance, the world’s largest cryptocurrency exchange, is introducing its own NFT platform and marketplace.

Binance, the world’s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace.

The new NFT marketplace and offerings will be available to all existing Binance users as Binance NFT will share the same account system as Binance. com.

According to the announcement, Binance NFT will debut with two main venues including a “Trading Market” allowing everyday users to create NFTs, with Binance charging a 1% processing fee.

In line with our commitment to the freedom of money globally and building an inclusive ecosystem, the Binance NFT marketplace will also support small value creators by providing the highest liquidity and cheapest fees for users. ”

by summa-bot

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